Chaire Dauphine-Ensae Groupama de la Fondation du Risque

 

                                                       

 

With CIEF (Lisbonne, Portugal) - University of Lisbonne ISEG (Instituto Superior de Economia e Gestão) and GDRI  DREEM.

 

6th International Workshop on Pension and Saving: Consequences of longevity Risks on pension systems

and labor markets.

 

Location/Lieu : Université Paris-Dauphine

 

Preliminary program

 

 

Thursday, April 3, 2008

 

8h45-9H15  Welcome / Accueil des participants

 

9h15    Opening / Ouverture

-          Elyes Jouini, Head of Chaire Dauphine-Ensae Groupama de la Fondation du Risque

-          Bernard Guillochon, EURIsCO

-          N. El Mekkaoui de Freitas, Carole Bonnet, Ph. Bernard, co-organizers

 

 

 

9h30 – 12h30             Parallel Session  “Finance”                                  Room : Raymond Aron

            Chairman : C. Gourieroux (CREST, University of Toronto)

 

9H30-10H50

 

Andrea Brasili, Elena d’Alfonso, Italian “asset allocation introducing uncertainty, UniCredit Research and Strategy IMT alti studi Lucca

Discussant : Wolfram J. Horneff

 

Jeorge Bravo, Carlos Pereira da Silva « Pricing of longevity Bonds using Affine-Jump Diffusion Models” University of Evora and CIEF ISEG

Discussant : Francesco Menoncin (Università degli Studi di Brescia)

 

 

10h50-11h10 – Coffee Break

 

11h10-12h30

 

Francesco Menoncin, “Death Bonds with Stochastic Force of Mortality”, (Università degli Studi di Brescia)

Discussant : Jeorge Bravo (University of Evora and CIEF ISEG)

 

Gordon E. Klein “Bad-Mortality-News Risk as an Explanation of the Annuity Puzzle”, University of Iowa

Discussant: J. Oliveira Martins (OECD)

 

 

 

9h30 – 12h30             Parallel Session  “Labour I”                                             Room : A701

Chairman :

 

9H30-11H00

 

Samia Benallah, François Legendre, “Les «décotants» du Régime général : Qui sont-ils ? Dans quelle mesure avancent-ils leur départ à la retraite ?”, Centre d’Etudes de l’Emploi et Centre d’Economie de Paris-Nord (Université Paris XIII et CNRS)

Discussant : tbc

 

Stephan Kühntopf et Thusnelda Tivig “Early retirement in Germany: Loss of Income and Lifetime?”, University of Rostock and Rostock Centre for the Study of Demographic Change

Discussant : Bernard H. Casey, Institute for Employment Research, University of

Warwick

 

 

11H00—11h20   – Coffee Break

 

 

11H20-12H05

 

Bernard H. Casey “The employment implications of the National Pensions Savings Scheme", Institute for Employment Research, University of Warwick

Discussant : tbc

 

12h30 – 14h00    Lunch

14h00 – 16h30           Parallel Session   “Pension funds”                     Room : Raymond Aron

Chairman :

 

André Saito, José Savoia, Eduardo Paiva, “Asset-Liability Management in Brazilian Pension Funds”, Faculty Economics, Business Accountancy – University of Sao Paulo

Discussant : tbc

 

Aihua Zhang “Optimal investment for a pension fund under inflation risk”, University of St Andrews

Discussant : tbc

 

Mario Catalan, Jaime Guajardo, Alexander Hoffmaister “Global Aging and Declining World Interest Rates: Macroeconomic Insurance through Pension Reform in Cyprus”, IMF Institute and European Department

Discussant : Vladimir Borgy (Banque de France)

 

Benjelloun S. “Evolution des politiques d’investissement des fonds de réserve : simulation de l’impact d’allocations stratégiques cibles – cas du Maroc, EURIsCO, Dauphine

            Discussant : J.M. Dupuis (Université de Caen)

 

 

14h00 – 16h30           Parallel Session   “Labour  II”                                          Room : A701

            Chairman : J. Oliveira Martins (OECD)

 

 

Stefan Hupfeld “To work or to work out: A Moral-Hasard Interpretation of Labor Supply, Retirement and investments in longevity”, University of Konstanz

                        Discussant : J.F. Jacques (Université Paris-Dauphine)

 

Jinjing Li and Denisa Maria Sologon “Simulating Labour Supply: A Lifetime Modelling Approach with Heterogeneity and Uncertainty Extension”, Maastricht Graduate School of Governance, Maastricht University

Discussant : H. Sterdyniak (OFCE)

 

Debora Kusmerski, “Optimal Sharing of Labor Productivity Risks and Mix of PAYG and Savings”, University of Amsterdam

                        Discussant : H. Sterdyniak (OFCE)

 

 

16H30-17H00 Coffee Break

 

 

 

Friday, April 4, 2008

 

 

9h30 - 12h30              Parallel Session “Reforms I”                                Room : Raymond Aron

            Chairman : D. Blanchet (INSEE)

 

9H30 – 11H10

 

Cécile Brossard, Isabelle Bridenne, “La réforme des retraites de 1993 : des effets d’ampleur et durables”, Caisse Nationale d’Assurance Vieillesse

                        Discussant : C. El Moudden (Université Caen)

 

Maximilien Nayaradou, Sébastien Nouet, Manuel Plisson, « Possible Development Strategies for the Long Term Care Market in France”, Université Paris-Dauphine

                        Discussant : J. Wittwer (Université Paris-Dauphine)

 

 

10h50-11h10 – Coffee Break

 

11h10-12h30

Christophe Hachon “Redistribution, Pension systems and Capital Accumulation”, Université Paris 1 Panthéon-Sorbonne

                       Discussant : N. Drouhin (Ecole normale supérieure de Cachan)

 

Libor Dušek and Juraj Kopecsni “Gains and Losses of Social Security: Evidence from Reforms in Hungary, the Czech Republic and Slovakia”, Charles University, Prague

                        Discussant : M. Cherkaoui (Université de Rabat)

 

 

 

9h30 - 12h30              Parallel Session   “Saving”                                                         Room A701

Chairman : E.M. Mouhoud (Université Paris-Dauphine)

 

9H30 – 11H10

 

Vrinda Gupta “Wealth Shock and Impact of Health on Risk Aversion and savings”, Watson Wyatt

                        Discussant : F. Legendre (CEE)

 

Kathrin Dummann “Retirement Saving and Attitude Towards Financial Intermediaries - Evidence for Germany”, University of Rostock, Department of Economics

                        Discussant : F. Legendre (CEE)

 

 

10h50-11h10 – Coffee Break

 

11h10-12h30

 

Sau-Him Paul Lau “Demographic structure and Capital Accumulation: Quantitative Assessment”, University of Hong Kong

                        Discussant : H. d’Albis (Université Toulouse)

 

Marie-Louise Leroux « Life Expectancy and Effort: an Optimal Taxation Problem”, Université Catholique de Louvain

                        Discussant : Hélène Lenoble (Université Paris-Dauphine)

 

 

 

12h30 – 14h00    Lunch

 

 

 

14h00 - 16h30            Session  “Reforms II”                                            Room : Raymond Aron

            Chairman : M.-E. Joël (Université Paris-Dauphine)

 

14h00 - 15h30Johannes Holler “On the Role of Pension Systems in Economic Development and Demographic Transition”, University of Vienna

Discussant :

 

Evert Carlsson, Karl Erldanzon, Jonas Gustafsson “A tale of two systems: winners and losers when moving from defined benefit to defined contribution pensions”, Göteborg University

Discutant : Katarzyna Romaniuk (Université Panthéon-Sorbonne)

 

 

15h30 - 15h50 Coffee Break

 

15h50 - 16h30 Raimond H Maurer, Wolfram J. Horneff, Olivia S. Mitchell, Michael Z. Stamos “Money in motion: Dynamic Portfolio Choice in Retirement”, Goethe University Frankfurt am Main

 

 

16H30 – 17H00 Closing :

Laurent Batsch , President of Université Paris-Dauphine

 

 

 

 

 

Aucun article ne sera distribué en séance. Les communications sont disponibles sur le site à l’adresse suivante :

No paper are available during the meeting, they are available at the following address :

http://www.dauphine.fr/eurisco/workshop.html