Population Change, Demographic Uncertainty and Financial Risk

Lead Research Organisation: National Institute of Economic and Social Research
Department Name: National Institute of Economic & Soc Res

Abstract

Abstracts are not currently available in GtR for all funded research. This is normally because the abstract was not required at the time of proposal submission, but may be because it included sensitive information such as personal details.

Publications

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Alho, Juha M.; Jensen, Svend E.Hougaard; Lassila, Jukka (2008) Uncertain Demographics and Fiscal Sustainability

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Alho, Juha M.; Jensen, Svend E.Hougaard; Lassila, Jukka (2008) Uncertain Demographics and Fiscal Sustainability

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J.A. Sefton (author) (2007) Utility-maximising design of means-tested retirement benefits

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Sefton J (2009) Optimal Design of Means Tested Retirement Benefits in The Economic Journal

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Sefton J (2008) Means Testing Retirement Benefits: Fostering Equity or Discouraging Savings? in The Economic Journal

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Vines D (2009) James Meade in The Economic Journal

 
Description We estimated the extent to which people would rationally want to insure against cohort mortality risk. This suggested that they would not want full insurance. We also showed how governments might manage aggregate mortality risk.
Exploitation Route Insurance companies selling annuities would find our work valuable. However, the changes introduced in 2014 mean that this aspect of our work is unlikely to be taken forward.
Sectors Financial Services, and Management Consultancy,Government, Democracy and Justice