Publications

Research Publications

Portfolio Management with Targeted Constant Market Volatility

1 Nov 2018

Doan, B., Papageorgiou, N., Reeves, J. and Sherris, M. (2018). Insurance Mathematics and Economics.

Research Publications

Reflections on PPI from the 'Action on Living Well: Asking You' (ALWAYs) advisory network of people with dementia and carers as part of the IDEAL study

1 Nov 2018

Litherland, R., Burton, J., Cheeseman, M., Campbell, D., Hawkins, M., Hawkins, T., Oliver, K., Scott, D., Ward, J., Nelis, S.M., Quinn, C., Victor, C. and Clare, L. (2018). Dementia.

Research Publications

Protocol for the IDEAL-2 longitudinal study: following the experiences of people with dementia and their primary carers to understand what contributes to living well with dementia and enhances active life

30 Oct 2018

Silarova, B., Nelis, S.M., Ashworth, R.M., Ballard, C., Bieńkiewicz, M., Henderson, C., Hillman, A., Hindle, J.V., Hughes, J.C., Lamont, R.A., Litherland, R., Jones, I.R., Jones, R.W., Knapp, M., Kotting, P., Martyr, A., Matthews, F.E., Morris, R.G., Quinn, C., Regan, J., Rusted, J.M., van den Heuvel, E.A., Victor, C.R., Wu, Y-T., and Clare, L. (2018). BMC Public Health.

Research Publications

Social isolation and cognitive function in later life: a systematic review and meta-analysis

24 Oct 2018

Evans, I.E.M., Martyr, A., Collins, R., Brayne, C., and Clare, L. (2018). Journal of Alzheimer's Disease.

Research Publications

The association between stressful events and food insecurity: Cross-sectional evidence from Australia

23 Oct 2018

Temple, J. (2018). International Journal of Environmental Research and Public Health.

Research Publications

Reorienting job crafting research: A hierarchical structure of job crafting concepts and integrative review

23 Oct 2018

Zhang, F. and Parker, S. K. (2018). Journal of Organizational Behavior.

Research Publications

A comprehensive model of factors associated with capability to 'live well' for family caregivers of people living with mild-to-moderate dementia: findings from the IDEAL study.

15 Oct 2018

Clare, L., Wu, Y-T., Quinn, C., Jones, I.R., Victor, C.R., Nelis, S.M., Martyr, A., Litherland, R., Pickett, J.A., Hindle, J.V., Jones, R.W., Knapp, M., Kopelman, M.D., Morris, R.G., Rusted, J.M., Thom, J.M., Lamont, R.A., Henderson, C., Rippon, I., Hillman, A., and Matthews, F.E. (2018). Alzheimer's Disease and Associated Disorders.

Research Publications

Development of an item pool for a needs-based measure of quality of life or carers of a family member with dementia

12 Oct 2018

Oyebode, J.R., Pini, S., Ingleson, E., Megson, M., Horton, M., Clare, L., Al-Janabi, H., Brayne, C. and Wright, P. (2018). The Patient.

Research Publications

Gender differences in working conditions and well-being of employees in paid employment after retirement

2 Oct 2018

Weber, J., de Lange, A. and Müller, A. (2018). Zeitschrift für Geriatrie und Gerontologie.

Research Publications

The Associations Between Falls, Fall Injuries and Labor Market Outcomes among U.S. Workers 65 Years and Older

1 Oct 2018

Scott, K., Fisher, G. G., Barón, A. E., and Tompa, E. Stallones, L. and DiGuiseppi, C. (2018). Journal of Occupational and Environmental Medicine.

Research Publications

Age-based stereotype threat and work outcomes: Stress appraisals and rumination as mediators

1 Oct 2018

Von Hippel, C., Kalokerinos, E.K., Haanterä, K. and Zacher, H. (2018). Psychology and Aging.

Research Publications

Living well with dementia: a systematic review and correlational meta-analysis of factors associated with quality of life, well-being and life satisfaction in people with dementia

1 Oct 2018

Martyr, A., Nelis, S.M., Quinn, C., Wu, Y-T., Lamont, R.A., Henderson, C., Clarke, R., Hindle, J.V., Thom, J.M., Jones, I.R., Morris, R.G., Rusted, J.M., Victor, C.R. and Clare, L. (2018). Psychological Medicine.

Research Publications

Multidimensional care burden in Parkinson's-related dementia

24 Sep 2018

Vatter, S., McDonald, K.R., Stanmore, E., Clare, L. and Leroi, I. (2018). Journal of Geriatric Psychiatry and Neurology.

Research Publications

Generalized social exchange and its relevance to new era workplace relationships

20 Sep 2018

Yoshikawa, K., Wu, C. H. and Lee, H. J. (2018). Industrial and Organizational Psychology: Perspectives on Science and Practice.

Research Publications

When joining is not enough: Profiles of emergency services volunteers and the intention to stay

18 Sep 2018

Kragt, D., Dunlop, P.D., Gagné, M., Holtrop, D.J. and Luksyte, A. (2018). Australian Journal of Emergency Management.

Research Publications

What we need to know about retirement: Pressing issues for the coming decade

14 Sep 2018

Henkens, K., van Dalen, H. P., Ekerdt, D., Hershey, D. A., Hyde, M., Radl, J., van Solinge, H., Wang, M. and Zacher, H. (2018). Gerontologist.

Research Publications

What we need to know about retirement: Pressing issues for the coming decade

14 Sep 2018

Henkens, K., van Dalen, H. P., Ekerdt, D., Hershey, D. A., Hyde, M., Radl, J., van Solinge, H., Wang, M. and Zacher, H. (2018). The Gerontologist.

Research Publications

Dementia subtype and living well with dementia: results from the Improving the experience of Dementia and Enhancing Active Life study

11 Sep 2018

Wu, Y-T., Clare, L., Hindle, J.V., Nelis, S.M., Martyr, A. and Matthews, F.E. (2018). BMC Medicine.

Research Publications

The rising health, social and economic costs of Australia’s ageing prisoner population

10 Sep 2018

Ginnivan, N., Butler, T. and Withall, A. (2018). The Medical Journal of Australia.

Research Publications

The fourth industrial revolution: Issues and implications for career research and practice

5 Sep 2018

Hirschi, A. (2018). Career Development Quarterly.

Research Publications

The benefits of errorless learning for people with amnestic mild cognitive impairment

1 Sep 2018

Roberts, J.L., Anderson, N.D., Guild, E., Cyr, A-A., Jones, R.S.P. and Clare, L. (2018). Neuropsychological Rehabilitation.

Research Publications

Face-name memory training in subjective memory decline: how does office-based training translate to everyday situations?

1 Sep 2018

Pike, K.E., Ong, B., Clare, L. and Kinsella, G.J. (2018). Aging, Neuropsychology and Cognition.

Research Publications

Differential effects of cognition-focused interventions for people with Alzheimer's disease: A meta-analysis

1 Sep 2018

Oltra-Cucarella, J., Ferrer-Cascales, R., Clare, L., Morris, S.B., Espert, R., Tirapu, J. and Sanchez-SanSegundo, M. (2018). Neuropsychology.

Research Publications

Mitigating Strategic Misrepresentation of Values in Open-Ended State Preference Surveys by Using Negative Reinforcement.

1 Sep 2018

Crastes dit Sourd, R., Zawojska, E., Mahieu, P-A. and J. Louviere. (2018). Journal of Choice Modelling.

Research Publications

Community-dwelling men with dementia are at high risk of hip but not any other fracture: The Concord Health and Ageing in Men Project

30 Aug 2018

Hsu, B., Bleicher, K., Waite, L.M., Naganathan, V., Blyth, F.M., Handelsman, D.J., Le Couteur D.G., Seibel, M.J. and Cumming, R.G. (2018). Geriatrics and Gerontology International.

Research Publications

The Ironbark program: Implementation and impact of a community-based fall prevention pilot program for older Aboriginal and Torres Strait Islander people

29 Aug 2018

Lukaszyk, C., Coombes, J., Sherrington, C., Tiedemann, A., Keay, L., Mackean, T., Clemson, L., Cumming, R., Broe, T. and Ivers, R. (2018). Health Promotion Journal of Australia.

Working Papers

Career and Family Decisions: Cohorts born 1935-1975

21 Aug 2018

Zvi Eckstein, Michael Keane and Osnat Lifshitz

Comparing the 1935 and 1975 U.S. birth cohorts, wages of married women grew twice as fast as for married men, and the wage gap between married and single women turned from negative to positive. The employment rate of married women also increased sharply, while that of other groups remained quite stable. To better understand these diverse patterns we develop a lifecycle model incorporating individual and household decisions about education, employment, marriage/divorce and fertility. The model provides an excellent fit to wage and employment patterns, along with changes in education, marriage/divorce rates, and fertility. We assume fixed preferences, but allow for four exogenously changing factors: (i) mother’s education, health and taxes/transfers; (ii) marriage market opportunities and divorce costs; (iii) the wage structure and job offers; (iv) contraception technology. We quantify how each factor contributed to changes across cohorts. We find that factor (iii) was the most important force driving the increase in relative wages of married women, but that all four factors are important for explaining the many socio-economic changes that occurred in the past 50 years. Finally, we use the model to simulate a shift from joint to individual taxation. In a revenue neutral simulation, we predict this would increase employment of married women by 9% and the marriage rate by 8.1%.

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Research Publications

Social isolation, cognitive reserve and cognition in healthy older people

17 Aug 2018

Evans, I.E.M., Llewellyn, D.J., Matthews, F.E., Woods, R.T., Brayne, C. and Clare, L. (2018). PLOS-ONE.

Research Publications

Food insecurity among Older Aboriginal and Torres Strait Islanders

17 Aug 2018

Temple, J.B. and Russell, J. (2018). International Journal of Environmental Research and Public Health.

Research Publications

Effect of Tailored On-Road Driving Lessons on Driving Safety in Older Adults: A Randomised Controlled Trial

15 Aug 2018

Anstey, K.J., Eramudugolla, R., Kiely, K.M. and Price, J. (2018). Accident Analysis & Prevention.

Research Publications

A multi-level theoretical framework integrating diversity and emotional labor,

13 Aug 2018

Imose, R. and Finkelstein, L. (2018). Group and Organization Management.

Working Papers

Heterogeneity in Mortality: A Survey with an Actuarial Focus

13 Aug 2018

Ermanno Pitacco

Heterogeneity of a population in respect of mortality is due to differences among the individuals, which are caused by various risk factors. Some risk factors are observable while others are unobservable. The set of observable risk factors clearly depends on the type of population addressed. The impact of observable risk factors on individual mortality, in particular when they also constitute “rating factors” in the calculation of premiums and other actuarial values, is usually expressed approximately, according to some pragmatic approach. For example, additive or multiplicative adjustments to the average age-specific mortality are frequently adopted. Heterogeneity due to unobservable risk factors can conversely be quantified by adopting the concept of individual “frailty”. However, individual frailty can be interpreted and consequently modeled in several ways, according to the causes which are considered as originating the frailty itself: congenital characteristics, environmental features, lifestyle aspects, etc. It follows that the individual frailty can, in particular, be assumed either constant or variable throughout the lifetime.

In this paper, we provide a survey of scientific contributions on mortality heterogeneity, focusing on modeling both observable and unobservable heterogeneity. We start with an overview of methodological contributions to heterogeneity and frailty modeling, coming from both the demographical and the actuarial context. We then shift to contributions analyzing the impact of frailty, in its various interpretations, on the results (cash flows, profits, etc.) of life insurance and life annuity portfolios and related risk profiles.

Keywords: Heterogeneity, Frailty, Risk factors, Force of mortality, Mortality laws, Parametric models, Special-rate annuities.

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Research Publications

Identifying people with dementia on Twitter

6 Aug 2018

Talbot, C., O'Dwyer, S., Clare, L., Heaton, J. and Anderson, J. (2018). Dementia.

Research Publications

Volunteering Benefits Life Satisfaction Over 4 Years: The Moderating Role of Social Network Size.

6 Aug 2018

Jiang, D., Hosking, D., Burns, R. and Anstey, K.J. (2018). Australian Journal of Psychology.

Research Publications

Making fall prevention routine in primary care practice: Perspectives of allied health professionals

3 Aug 2018

Liddle, J., Lovarini, M., Clemson, L., Mackenzie, L., Tan, A., Pit, S., Poulos, R., Tiedemann, A., Sherrington, C., Roberts, C. and Willis, K. (2018). BMC Health Services Research.

Research Publications

Who wears the hijab? Predictors of veiling in Greater Jakarta

2 Aug 2018

Utomo, A., Reimondos, A., McDonald, P., Utomo, I. and Hull, T. (2018). Review of Religious Research.

Research Publications

Academic career development: A review and research agenda

1 Aug 2018

Zacher, H., Rudolph, C. W., Todorovic, T., and Ammann, D. (2018). Journal of Vocational Behaviour, 110, 357-373.

Research Publications

Future Time Perspective: A systematic review and meta-analysis

1 Aug 2018

Kooij, D.T.A.M., Betts, M., Kanfer, R. and Rudolph, C. (2018). Journal of Applied Psychology.

Fact Sheets

认知与老化：研究与观察 (Chinese version of Cognitive ageing and decline: Insights from recent research)

1 Aug 2018

Bei Lu, Ka Kei, and Rafal Chomik

Cognitive decline is feared by many as they approach old age. Yet the severe cognitive decline associated with dementia is not a normal part of ageing. This fact sheet explores the impacts of cognitive ageing and decline on individuals.

View the English version here

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Research Publications

The 'Millennials': Perceived Generational Opportunities and Intergenerational Conflict in Australia

1 Aug 2018

Cannon, L. and Kendig, H. (2018). Australasian Journal on Ageing.

Research Publications

Does daily proactivity affect well-being? The moderating role of punitive supervision

30 Jul 2018

Cangiano, F., Parker, S. K., and Yeo, G. B. (2018). Journal of Organizational Behaviour.

Research Publications

One size fits all? Drawdown structures in Australia and The Netherlands

25 Jul 2018

Alonso-García, J. and Sherris, M. (2018). The Journal of the Economics of Ageing.

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Research Publications

Multifactorial and multiple component interventions for preventing falls in older people living in the community

23 Jul 2018

Hopewell, S., Adedire, O., Copsey, B., Boniface, G., Sherrington, C., Clemson, L., Close, J. and Lamb, S. (2018). Cochrane Database of Systematic Reviews.

Research Publications

Does combined osteopenia/osteoporosis and sarcopenia confer greater risk of fracture than either condition alone in older men? the Concord Health and Ageing in Men Project

18 Jul 2018

Scott, D., Cumming, R.G., Blyth, F., Naganathan, V., Le Couteur, D.G., Waite, L.M, Handelsman, D.J., Seibel, M.J. and Hirani, V. (2018). Journals of Gerontology: Medical Sciences.

Research Publications

Antecedents and outcomes of objective verses subjective career success: Competing perspectives and future directions

17 Jul 2018

Spurk, D., Hirschi, A. and Dries, N. (2018). Journal of Management.

Research Publications

When does perceived coach autonomy support help reduce athlete burnout? The role of athletes’ experiential avoidance

16 Jul 2018

Chang, W. H., Chi, L., Wu, C. H. and Chen, L. H. (2018). International Journal of Sport Psychology.

Research Publications

Australian Attitudes to Intergenerational Equity: Impacts of Social and Policy Change.

16 Jul 2018

Kendig, H., Hussain, R., O'Loughlin, K. and Cannon, L. (2018). Ageing and Society.

Research Publications

Cognitive training for people with mild to moderate dementia

6 Jul 2018

Bahar-Fuchs, A., Martyr, A., Goh, A.M.Y., Sabates, J. and Clare, L. (2018). Cochrane Database of Systematic Reviews.

Research Publications

Understanding the implementation and efficacy of a home-based strength and balance fall prevention intervention in people aged 50 years or over with vision impairment: A process evaluation protocol

3 Jul 2018

Dillon, L., Clemson, L., Coxon, K. and Keay, L. (2018). BMC Health Services Research.

Research Publications

Modeling multi-state health transitions in China: A generalized linear model with time trends

2 Jul 2018

Hanewald, K., Li, H. and Shao, A. (2018). Annals of Actuarial Sciences.

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Elderly couple researching pension options online

Reports & Government Submissions

Submission to Productivity Commission Inquiry into Superannuation

1 Jul 2018

Hazel Bateman and Susan Thorp

This submission was prepared for the public inquiry into Superannuation: Assessing Competitiveness and Efficiency.

The submission comments on the Productivity Commission Draft Report, Superannuation: Assessing Efficiency and Competitiveness. The approach is to comment briefly on selected Draft Recommendations and, where appropriate, refer the Commission to relevant academic papers.

More details on this inquiry can be found here.

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Research Publications

Methodological recommendations to move research on work and aging forward

1 Jul 2018

Bohlmann, C., Rudolph, C. W. and Zacher, H. (2018). Work, Aging and Retirement.

Research Publications

Goal-setting to promote a healthier lifestyle in later life: qualitative evaluation of the AgeWell trial

1 Jul 2018

Nelis, S.M., Thom, J.M., Jones, I.R., Hindle, J.V. and Clare, L. (2018). Clinical Gerontologist.

Research Publications

Social isolation, cognitive reserve and cognition in older people with depression and anxiety

1 Jul 2018

Evans, I.E.M, Llewellyn, D.J., Matthews, F.E., Woods, R.T., Brayne, C. and Clare, L. (2018). Aging and Mental Health.

Research Publications

A comprehensive model of factors associated with subjective perceptions of living well with dementia: findings from the IDEAL study

1 Jul 2018

Clare, L., Wu, Y-T., Jones, I.R., Victor, C.R., Nelis, S.M., Martyr, A., Quinn, C., Litherland, R., Pickett, J.A., Hindle, J.V., Jones, R.W., Knapp, M., Kopelman, M.D., Morris, R.G., Rusted, J.M., Thom, J.M., Lamont, R.A., Henderson, C., Rippon, I., Hillman, A. and Mathews, F.E. (2018). Alzheimer's Disease and Associated Disorders.

Research Publications

Circumstances of Falls With Fractured Femur in Residents of Australian Nursing Homes: An Analysis of Falls Reports.

30 Jun 2018

Mackenzie, L. A. and Byles, J. E. (2018). Journal of Aging and Health.

Research Publications

Age in the entrepreneurial process: The role of future time perspective and prior entrepreneurial experience

28 Jun 2018

Gielnik, M.M., Zacher, H. and Wang, M. (2018). Journal of Applied Psychology.

Research Publications

A cultural perspective on gender inequity in STEM: The Japanese context

19 Jun 2018

Yoshikawa, K., Kokubo, A. and Wu, C.H. (2018). Industrial and Organizational Psychology: Perspectives on Science and Practice.

Research Publications

Developing goal orientations conducive to learning and performance: An intervention study

15 Jun 2018

Wang, Y., Wu, C.H., Parker, S.K. and Griffin, M.A. (2018). Journal of Occupational and Organizational Psychology.

Research Publications

It’s not just what is said, but also when it’s said: A temporal account of verbal behaviours and emergent leadership in self-managed teams

14 Jun 2018

Gerpott, F.H., Lehmann-Willenbrock, N., Lehmann-Willenbrock, N. and Van Vugt, M. (2018). Academy of Management Journal.

Research Publications

Everyday functioning of people with Parkinson's disease and impairments in executive function: A qualitative investigation

9 Jun 2018

Kudlicka, A., Hindle, J.V., Spencer, L.E. and Clare, L. (2018). Disability and Rehabilitation.

Research Publications

Engagement with Retirement Savings: It is a Matter of Trust

7 Jun 2018

Jeanette Deetlefs, A.M., Bateman, H., Dobrescu, L.I., Newell, B.R., Ortman, A. and Thorp, S. (2018). The Journal of Consumer Affairs.

Research Publications

Maintenance of D-A fit through work adjustment behaviors: The moderating effect of work style fit

1 Jun 2018

Bayl-Smith, P. and Griffin, B. (2018). Journal of Vocational Behavior.

Research Publications

Living one’s calling: Job resources as a link between having and living a calling

1 Jun 2018

Hirschi, A., Keller, A. and Spurk, D. (2018). Journal of Vocational Behavior.

Research Publications

Improving the social health of community dwelling older people living with dementia through a reablement program

1 Jun 2018

Jeon, Y., Clemson, L., Naismith, S., Mowszowski, L., McDonagh, N., Mackenzie, M., Dawes, C., Krein, L. and Szanton, S. (2018). International Psychogeriatrics.

Research Publications

Sex Differences in the Impact of BDNF Genotype on the Longitudinal Relationship between Physical Activity and Cognitive Performance.

1 Jun 2018

Watts, A., Andrews, S. J., & Anstey, K.J. (2018). Gerontology.

Research Publications

Individual Capability and Effort in Retirement Benefit Choice.

1 Jun 2018

Bateman, H., Eckert, C., Ishakov, F., Louviere, J.J., Satchel S. and Thorp, S. (2018). The Journal of Risk and Insurance.

Research Publications

Hysterectomy and Perceived Physical Function in Middle-aged Australian Women: a 20-year Population-based Prospective Cohort Study.

1 Jun 2018

Wilson, L. F., Pandeya, N., Byles, J. and Mishra, G. D. (2018). Quality of Life Research.

Research Publications

The Impact of Childhood Parental Quality on Mental Health Outcomes in Older Adults

1 Jun 2018

Burns, R.A., Loh, V., Byles, J.E. and Kendig, H.L. (2018). Aging and Mental Health.

Research Publications

Effect of Tailored On-Road Driving Lessons on Driving Safety in Older Adults: A Randomised Controlled Trial

1 Jun 2018

Anstey, K.J., Eramudugolla, R., Kiely, K.M. and Price, J. (2018). Accident Analysis & Prevention.

Research Publications

Feasibility of LifeFul, a relationship and reablement-focused culture change program in residential aged care.

31 May 2018

Low, L., Venkatesh, S., Clemson, L., Merom, D., Casey, A. and Brodaty, H. (2018). BMC Geriatrics.

Research Publications

The unmet support needs of carers of older Australians: prevalence and mental health

25 May 2018

Temple, J.B. and Dow, B. (2018). International Psychogeriatrics.

Research Publications

Is disability exclusion associated with psychological distress? Australian evidence from a national cross-sectional survey

24 May 2018

Temple, J.B. and Kelaher, M. (2018). BMJ Open.

Research Publications

Is Disability Exclusion Associated with Psychological Distress? Australian Evidence from a National Cross-sectional Survey

24 May 2018

Temple, J.B. and Kelaher, M. (2018). BMJ Open.

Working Papers

Effects of Taxes and Safety Net Pensions on life-cycle Labor Supply, Savings and Human Capital: the Case of Australia

22 May 2018

Fedor Iskhakov and Michael Keane

We structurally estimate a life-cycle model of consumption, labor supply and retirement, using data from the Australian HILDA panel. We use the model to evaluate effects of Australia’s Age Pension system and income tax policy on labor supply, consumption and retirement. Our model accounts for human capital, savings, uninsurable wage risk and credit constraints. We account for “bunching" of hours by assuming a discrete set of hours levels, and we investigate labor supply on both the intensive and extensive margins. Our model allows us to quantify the effects of anticipated and unanticipated tax and pension policy changes at different points of the life-cycle. Our results imply that Australia’s Age Pension system as currently designed is poorly targeted. Our simulations suggest that a doubling of taper rates, combined with a 5.9% reduction of income tax rates, would be budget neutral and Pareto improving.

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Research Publications

Changes in the Morbidity Prevalence and Morbidity Free Life Expectancy of the Elderly Population in China From 2000-2010

18 May 2018

Lu, B., Liu, XT., Lim, J. and Yang, M.X. (2018). The Journal of the Economics of Ageing.

Research Publications

Social Engagement and the Elderly in Rural Indonesia

8 May 2018

Utomo, A., McDonald, P., Utomo, I., Cahyadi, N. and Sparrow, R. (2018). Social Science and Medicine.

Research Publications

A systematic review and meta-analysis of exercise-based falls prevention strategies in adults aged 50+ years with visual impairment

6 May 2018

Dillon, L., Clemson, L., Ramulu, P., Sherrington, C. and Keay, L. (2018). Ophthalmic and Physiological Optics.

Research Publications

Longevity of Outstanding Sporting Achievers: Mind Versus Muscle

3 May 2018

Tran-Duy, A., Smerdon, D.C. and Clarke, P.M. (2018). Plos One.

Working Papers

Evaluating Consumers’ Choices of Medicare Part D Plans: A Study in Behavioural Welfare Economics

1 May 2018

Michael Keane, Jonathan Ketcham, Nicolai Kuminoff and Timothy Neal

Abstract: We propose new methods to model choice behavior and conduct welfare analysis in complex environments where it is untenable to assume that choices fully reveal preferences. In particular, we investigate how Medicare beneficiaries choose prescription drug plans (PDPs) under the Medicare Part D program. Our approach is novel in that we estimate a multinomial logit model for PDP choice that allows for heterogeneity in both preferences and the behavioral choice process. We find the data can be well characterized by a mixture of three behavioral types: The “rational” type constructs expected out-of-pocket costs E(OOP) rationally, and, ceteris paribus, seeks to minimize premiums plus E(OOP) as theory suggests. The second type constructs expected out-of-pocket (OOP) costs rationally, but puts too much weight on premiums relative to E(OOP) in choosing plans. A third type, who we label “confused,” places weight on irrelevant financial aspects of drug plans, implying they fail to construct E(OOP) rationally. A consumer is more likely to be the “confused” type if they suffer from Alzheimer’s disease and/or depression. We use the model to quantify the monetary and welfare losses that arise from suboptimal decision making for the population, for the behavioral types, and for people with cognitive limitations. We also evaluate policies to simplify the choice set to reduce these losses.

Keywords: Random utility model, Mixture of experts, Mixed Logit, Market mapping, Hedonic Utility, Decision utility, Medicare, Health insurance, Behavioral economics

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Research Publications

Generationalism: Problems and implications

1 May 2018

Rauvola, R. S., Rudolph, C. W. and Zacher, H. (2018). Organizational Dynamics.

Research Publications

Assessing key predictors of career success: Development and validation of the Career Resources Questionnaire

1 May 2018

Hirschi, A., Nagy, N., Baumeler, F., Johnston, C. and Spurk, D. (2018). Journal of Career Assessment.

Research Publications

Invited Commentary: Second-Hand Smoke is an Under Recognized Risk Factor for Cognitive Decline.

1 May 2018

Anstey K.J and Chen R. (2018). American Journal of Epidemiology.

Research Publications

Projections of Multi-Morbidity in the Older Population in England to 2035: Estimates from the Population Ageing and Care Simulation (PACSim) Model.

1 May 2018

Kingston, A., Robinson, L., Booth, H., Knapp, M, and Jagger, C. for the MODEM project. (2018). Age and Ageing.

Research Publications

Why are Women Slimmer than Men in Developed Countries?

22 Apr 2018

Maruyama, S. and Nakamura, S. (2018). Economics and Human Biology.

Research Publications

Age, social identity and identification, and work outcomes: A conceptual model, literature review, and future research directions

20 Apr 2018

Zacher, H., Esser, L., Bohlmann, C. and Rudolph, C.W. (2018). Work, Aging and Retirement.

Research Publications

Do resources matter for employee stress? It depends on how old you are

18 Apr 2018

Yaldiz, L.M., Truxillo, D.M. Bodner, T. and Hammer, L.B. (2018). Journal of Vocational Behaviour.

Research Publications

Dualities of dementia illness narratives and their role in a narrative economy

16 Apr 2018

Hillman, A., Jones, I.R., Quinn, C., Nelis, S. and Clare, L. (2018). Sociology of Health and Illness.

Research Publications

Self-managing team or tayloristic production chain? What can we learn from simulation-based work design trainings

13 Apr 2018

Klonek, F. and Parker, S. (2018). Group. Interaction. Organization. Journal of Applied Organizational Psychology.

Research Briefs

Cognitive ageing and decline: Insights from recent research

11 Apr 2018

Rafal Chomik, Simon Graham, Roderick Gawthorp and Kaarin Anstey

Cognitive decline is feared by many as they approach old age. Yet the severe cognitive decline associated with dementia is not a normal part of ageing.

This research brief explores the impacts of cognitive ageing and decline on individuals, as well as on the wider Australian economy. The brief emphasises how cognitive impairment is a significant barrier to those over sixty staying in the workforce and managing their finances properly. The brief also discusses the current and proposed future ways to diagnose and prevent cognitive impairment before it becomes severe.

中文 Chinese Version

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Research Publications

Women as Agents in Fertility Decision-making: Australia, 1870-1910

10 Apr 2018

McDonald, P. and Moyle, H. (2018). Population and Development Review.

Research Publications

An evaluation of the fall prevention practice of community-based occupational therapists working in primary care

8 Apr 2018

Mackenzie, L., Lovarini, M., Price, T., Clemson, L., Tan, A. and O'Connor, C. (2018). British Journal of Occupational Therapy.

Research Publications

Progressing knowledge translation in occupational therapy

6 Apr 2018

Bennett, S., Laver, K. and Clemson, L. (2018). Australian Occupational Therapy Journal.

Research Publications

Back to my Old-Self and Life Restarting: Biographies or Ageing in Beck's Risk Society.

4 Apr 2018

Curryer, C., Gray, M. and Byles, J. E. (2018). Journal of Sociology.

Research Publications

A qualitative study of female caregiving spouses' experiences of intimate relationships as cognition declines in Parkinson's disease

3 Apr 2018

Vatter, S., McDonald, K.R., Stanmore, E., Clare, L., McCormick, S.A. and Leroi, I. (2018). Age and Ageing.

Research Publications

Progressive resistance and balance training for falls prevention in long-term residential aged care: A cluster randomized trial of the Sunbeam Program

1 Apr 2018

Hewitt, J., Goodall, S., Clemson, L., Henwood, T. and Refshauge, K. (2018). Journal of the American Medical Directors Association (JAMDA).

Research Publications

Managers’ interview invitation decisions about older job applicants: Human capital, economic conditions and job demands

1 Apr 2018

Oude Mulders, J., Henkens, K., Liu, Y., Schippers, J. and Wang, M. (2018). Ageing and Society.

Research Publications

Rehabilitation and Convalescent Hospital Stay in New South Wales: An Analysis of 3,979 Women Aged 75+.

1 Apr 2018

Chojenta, C., Byles, J., and Nair, B. K. (2018). Australian and New Zealand Journal of Public Health.

Research Publications

Aging Health and R&D for Healthy Longevity Must Be Included into the WHO Work Program.

1 Apr 2018

Stambler, I., Jin, K., Lederman, S., Barzilai, N., Jay Olshansky, S., Omokaro, E., Barratt, J., Anisimov, V.N., Rattan, S., Yang, S., Forster, M. and Byles, J. (2018). Aging and Disease.

Research Publications

Cohort Profile: The Australian Longitudinal Study on Women's Health (ALSWH) 1989-95 cohort.

1 Apr 2018

Loxton, D., Tooth, L., Harris, M.L., Forder, P.M., Dobson, A., Powers, J., Brown, W., Byles, J. and Mishra, G. (2018). International Journal of Epidemiology.