“Time-Sensitive Obesity Policy and Program Evaluation (R01),” (PAR-12-257, National Institute on Aging, in conjunction with other agencies, multiple applications deadlines).
August 10, 2012
CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Paper – August 10, 2012
“Robust Hedging of Longevity Risk,” by Andrew J.G. Cairns (PI-1206, August 2012, .pdf format, 33p.).
Abstract:
We consider situations where a pension plan has opted to hedge its longevity risk using an index-based longevity hedging instrument such as a q-forward or deferred longevity swap. The use of index-based hedges gives rise to basis risk, but benefits, potentially, from lower costs to the hedger and greater liquidity. We focus on quantification of optimal hedge ratios and hedge effectiveness and investigate how robust these quantities are relative to inclusion of recalibration risk, parameter uncertainty and Poisson risk. We find that strategies are robust relative to the inclusion of parameter uncertainty and Poisson risk. In contrast, single-instrument hedging strategies are found to lack robustness relative to the inclusion of recalibration risk at the future valuation date, although we also demonstrate that some hedging instruments are more robust than others. To address this problem, we develop multi-instrument hedging strategies that are robust relative to recalibration risk.
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CAAR – Conferencealerts.Com Palliative Care – August 10, 2012
- Advanced European Bioethics course ‘Suffering, Death and Palliative Care’ — Nijmegen, Netherlands (Feb. 26-Mar. 1, 2013).
www.conferencealerts.com/topic-listing?topic=Palliative%20Care
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CAAR – Health and Retirement Study Bibliography Update – August 10, 2012
HRS has recently added the following items to its bibliography. The full bibliography is available at:
hrsonline.isr.umich.edu/index.php?p=bibstat
Dissertation:
Harig, Fredrick A., The Urban Neighborhood, Depressive Symptoms, and Age: Stress and Psychosocial Resources, United States — California University of California, Los Angeles [2012]
Joo, Heesoo, Health Disparities among the U.S. Elderly, United States — New York State University of New York at Albany [2012]
Journal Article:
Ayalon, L.; Shiovitz-Ezra, S.; Palgi, Y., “Associations of loneliness in older married men and women,” Aging Ment HealthAging and Mental Health, : [2012]
Bobo, J. K.; Greek, A. A.; Klepinger, D. H.; Herting, J. R., “Predicting 10-Year Alcohol Use Trajectories Among Men Age 50 Years and Older,” Am J Geriatr PsychiatryAm J Geriatr Psychiatry, : [2012]
Botoseneanu, A.; Liang, J., “The Effect of Stability and Change in Health Behaviors on Trajectories of Body Mass Index in Older Americans: A 14-Year Longitudinal Study,” J Gerontol A Biol Sci Med SciJ Gerontol A Biol Sci Med Sci, : [2012]
Bowen, M. E., “A prospective examination of the relationship between physical activity and dementia risk in later life,” Am J Health PromotAm J Health Promot, 26:6 [2012]
Brown, D.; Hayward, M.; Montez, J.; Hummer, R.; Chiu, C.; Hidajat, M., “The Significance of Education for Mortality Compression in the United States,” Demography, 49:3 [2012]
Cahill, Kevin F.; Giandrea, Michael D.; Quinn, Joseph F., “Older workers and short-term jobs: patterns and determinants,” Monthly Labor Review, 135:5 [2012]
Chatterji, P.; Joo, H.; Lahiri, K., “Beware Of Being Unaware: Racial/Ethnic Disparities In Chronic Illness In The USA,” Health EconHealth Economics, : [2012]
De Nardi, Mariacristina; French, Eric; Jones, John B., “How do the risks of living long and facing high medical expenses affect the elderly’s saving behavior?,” Chicago Fed Letter, :294 [2012]
Dong, X. S.; Wang, X.; Fujimoto, A.; Dobbin, R., “Chronic back pain among older construction workers in the United States: a longitudinal study,” Int J Occup Environ HealthInt J Occup Environ Health, 18:2 [2012]
Dorn, Stan; Shang, Baoping, “Spurring Enrollment In Medicare Savings Programs Through A Substitute For The Asset Test Focused On Investment Income,” Health Affairs, 31:2 [2012]
Gustman, A. L.; Steinmeier, T. L.; Tabatabai, N., “The growth in Social Security benefits among the retirement-age population from increases in the cap on covered earnings,” Social Security Bulletin, 72:2 [2012]
Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid, “Financial Knowledge and Financial Literacy at the Household Level,” The American Economic Review, 102:3 [2012]
Kim, Eun Jin; Hanna, Sherman D.; Chatterjee, Swarn; Lindamood, Suzanne, “Who Among the Elderly Owns Stocks? The Role of Cognitive Ability and Bequest Motive,” Journal of Family and Economic Issues, 33:3 [2012]
Kim, So-yun; Hong, Gong-soog; Montalto, Catherine P., “The Effect of Long-Term Care Insurance on Home Care Use Among the Disabled Elders,” Journal of Family and Economic Issues, 33:3 [2012]
Li, Yong; Jensen, Gail A., “Why Do People Let Their Long-Term Care Insurance Lapse? Evidence from the Health and Retirement Study,” Applied Economic Perspectives and Policy, 34:2 [2012]
Macunovich, Diane J., “Older men: pushed into retirement in the 1970s and 1980s by the baby boomers?,” Monthly Labor Review, 135:5 [2012]
McLaughlin, S.; Jette, A.; Connell, C., “An Examination of Healthy Aging Across a Conceptual Continuum: Prevalence Estimates, Demographic Patterns, and Validity,” The Journals of Gerontology, 67:7 [2012]
Moon, J. R.; Capistrant, B. D.; Kawachi, I.; Avendano, M.; Subramanian, S. V.; Bates, L. M.; Glymour, M. M., “Stroke incidence in older US Hispanics: is foreign birth protective?,” Stroke, 43:5 [2012]
Moon, J. Robin; Glymour, M.; Subramanian, S.; Avenda o, M.; Kawachi, I., “Transition to retirement and risk of cardiovascular disease: Prospective analysis of the US health and retirement study,” Social Science and Medicine, 75:3 [2012]
Nandi, A.; Glymour, M. M.; Kawachi, I.; VanderWeele, T. J., “Using marginal structural models to estimate the direct effect of adverse childhood social conditions on onset of heart disease, diabetes, and stroke,” Epidemiology, 23:2 [2012]
Paulson, D.; Lichtenberg, P. A., “Vascular depression: An early warning sign of frailty,” Aging Ment Health, : [2012]
Pierre-Jean, Messe, “Do discriminatory attitudes to older workers at work affect their retirement intentions?,” International Journal of Manpower, 33:4 [2012]
Quinones, A. R.; Liang, J.; Ye, W., “Racial and ethnic differences in hypertension risk: new diagnoses after age 50,” Ethn Dis, 22:2 [2012]
Roberts, M. H.; Mapel, D. W., “Limited lung function: impact of reduced peak expiratory flow on health status, health-care utilization, and expected survival in older adults,” Am J EpidemiolAmerican Journal of Epidemiology, 176:2 [2012]
Sargent-Cox, K. A.; Anstey, K. J.; Kendig, H.; Skladzien, E., “Determinants of retirement timing expectations in the United States and australia: a cross-national comparison of the effects of health and retirement benefit policies on retirement timing decisions,” Journal of Aging and Social Policy, 24:3 [2012]
Sloan, Frank A.; Acquah, Kofi F.; Lee, Paul P.; Sangvai, Devdutta G., “Despite ‘Welcome To Medicare’ Benefit, One In Eight Enrollees Delay First Use Of Part B Services For At Least Two Years,” Health Affairs, 31:6 [2012]
Smith, Alexander K.; McCarthy E.; Weber, E; Cenzer, I.S.; Boscardin, J.; Fisher, J.; Covinsky, K., “Half of Older Americans Seen in Emergency Department in Last Month of Life; Most Admitted to Hospital, and Many Die There,” Health Affairs, 31:6 [2012]
Thornton Snider, J.; Romley, J. A.; Wong, K. S.; Zhang, J.; Eber, M.; Goldman, D. P., “The Disability Burden of COPD,” COPDCOPD, : [2012]
Vespa, J., “Union Formation in Later Life: Economic Determinants of Cohabitation and Remarriage Among Older Adults,” Demography, 49:3 [2012]
White, Kellee; Avenda o, Mauricio; Capistrant, Benjamin D.; Robin Moon, J.; Liu, Sze Y.; Maria Glymour, M., “Self-Reported and Measured Hypertension Among Older US- and Foreign-Born Adults,” Journal of Immigrant and Minority Health, 14:4 [2012]
Wilson, S. E., “Marriage, gender and obesity in later life,” Econ Hum Biol, : [2012]
Yao, Rui; Park, Eric, “Market Performance And The Timing Of Retirement,” Journal of Personal Finance, 11:1 [2012]
Report:
Angrisani, Marco; Jinkook Lee, Harmonization of Cross-National Studies of Aging to the Health and Retirement Study: Income Measures, Santa Monica, CA, RAND Corporation [2012]
Biggs, Andrew G., Improving the Social Security Statement, Rochester, Social Security Administration [2012]
Milligan, Kevin S., How is Economic Hardship Avoided by Those Retiring Before the Social Security Entitlement Age?, National Bureau of Economic Research [2012]
Shih, Regina; Jinkook Lee; Lopamudra Das, Harmonization of Cross-National Studies of Aging to the Health and Retirement Study: Cognition, Santa Monica, CA, RAND Corporation [2012]
Skira, Meghan; Department of Economics, Dynamic Wage and Employment Effects of Elder Parent Care, Boston College [2012]
Zissimopoulos, Julie; Jinkook Lee; Joanna Carroll, Harmonization of Cross-National Studies of Aging to the Health and Retirement Study: Financial Transfer, Santa Monica, CA, RAND Corporation [2012]
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