CDHA CAAR

November 8, 2017

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – November 8, 2017

Filed under: Working Papers — Tags: , — admin @ 5:11 pm

The Rising Longevity Gap by Lifetime Earnings: Distributional Implications for the Pension System,” by Peter Haan, Daniel Kemptner, and Holger Luthen (Discussion Paper No. 11121, October 2017, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:

legacy.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=11121

April 24, 2017

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Papers – April 24, 2017

Filed under: Working Papers — Tags: , — admin @ 5:11 pm

A. “Longevity Risk and Capital Markets: The 2014-15 update,” by David Blake and Marco Morales (PI-1702, February 2017, .pdf format, 19p.). Note: There is no abstract for this paper.

www.pensions-institute.org/workingpapers/wp1702.pdf

B. “How to measure and compare pension expenditures in cross-country analyses? Some methodological remarks,” by Edyta Marcinkiewicz and Filip Chybalski (PI-1701, January 2017, .pdf format, 17p.).

Abstract
In our paper, we discuss pension expenditure as one of the main indicators of pension system sustainability. However, given the large demographic diversity between the European countries, public spending on pensions is hard to compare. We proposed two alternative indicators visualising the level of pension expenditure. The first is the quotient of pension expenditure and GDP and old-age dependency ratio. The second replaces the old-age dependency ratio with the proportion of population aged 65 and over. Such standardisation of the commonly used pension expenditure to GDP indicator makes it possible to provide for the demographic effect and this way it facilitates a comparison of pension expenditures between countries with very different population structures.

www.pensions-institute.org/workingpapers/wp1701.pdf

March 2, 2017

CAAR – Max Planck Institute for Demographic Research Working Paper – March 2, 2017

Filed under: Working Papers — Tags: — admin @ 5:20 pm

Sex differences in genetic associations with longevity in Han Chinese: sex-stratified genome-wide association study and polygenic risk score analysis,” by Yi Zeng, Huashuai Chen, Xiaomin Liu, Rui Ye, Enjun Xie, Zhihua Chen, Jiehua Lu, Jianxin Li, Yaohua Tian, Ting Ni, Lars Bolund, Kenneth C. Land, Anatoliy Yashin, Angela M O’Rand, Liang Sun, Ze Yang, Wei Tao, Anastasia Gurinovich, Claudio Franceschi, Jichun Xie, Jun Gu, Yong Hou, Xiao Liu, Xun Xu, Jean-Marie Robine, Joris Deelen, Paola Sebastiani, Eline Slagboom, Thomas Perls, Elizabeth Hauser, William Gottschalk, Qihua Tan, Kaare Christensen, Mike Lutz, Xiao-Li Tian, Huanming Yang, Junxia Min, Chao Nie and James Vaupel (WP-2017-04, February 2017, .pdf format, 37p.). Note: Links to the abstract and the full text of the paper available at:

www.demogr.mpg.de/en/projects_publications/publications_1904/mpidr_working_papers/sex_differences_in_genetic_associations_with_longevity_in_han_chinese_sex_stratified_genome_wide_5734.htm

December 1, 2016

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – December 1, 2016

Filed under: Working Papers — Tags: , — admin @ 4:27 pm

Addressing Longevity Heterogeneity in Pension Scheme Design and Reform,” by Mercedes Ayuso, Jorge Miguel Bravo, and Robert Holzmann (Discussion Paper No. 10378, November 2016, .pdf format, 26p.). Note: Links to the abstract and the full text of the paper available at:

legacy.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10378

November 29, 2016

CAAR – Proceedings of the National Academy of Sciences Article Abstracts – November 29, 2016

A. “The emergence of longevous populations,” by Fernando Colchero, Roland Rau, Owen R. Jones, Julia A. Barthold, Dalia A. Conde, Adam Lenart, Laszlo Nemeth, Alexander Scheuerlein, Jonas Schoeley, Catalina Torres, Virginia Zarulli, Jeanne Altmann, Diane K. Brockman, Anne M. Bronikowski, Linda M. Fedigan, Anne E. Pusey, Tara S. Stoinski, Karen B. Strier, Annette Baudisch, Susan C. Alberts, and James W. Vaupel (Vol. 113, No. 48, November 30, 2016, p. E7681–E7690).

www.pnas.org/content/113/48/E7681.abstract.html?etoc

B. “VEGF preconditioning leads to stem cell remodeling and attenuates age-related decay of adult hippocampal neurogenesis,” by Tamar Licht, Gadiel Rothe, Tirzah Kreisel, Brachi Wolf, Ofra Benny, Alasdair G. Rooney, Charles ffrench-Constant, Grigori Enikolopov, and Eli Keshet (Vol. 113, No. 48, November 30, 2016, p. E7828–E7836).

www.pnas.org/content/113/48/E7828.abstract.html?etoc

November 28, 2016

CAAR – Proceedings of the National Academy of Sciences Article Abstract – November 28, 2016

Genetic variants linked to education predict longevity,” by Riccardo E. Marioni, Stuart J. Ritchie, Peter K. Joshi, Saskia P. Hagenaars, Aysu Okbay, Krista Fischer, Mark J. Adams, W. David Hill, Gail Davies, Reka Nagy, Carmen Amador, Kristi Lall, Andres Metspalu, David C. Liewald, Archie Campbell, James F. Wilson, Caroline Hayward, Tonu Esko, David J. Porteous, Catharine R. Gale and Ian J. Deary (Vol. 113, No. 47, November 22, 2016, p. 13366–13371).

www.pnas.org/content/113/47/13366.abstract.html?etoc

November 15, 2016

CAAR – Proceedings of the National Academy of Sciences Article Abstract – November 15, 2016

Online social integration is associated with reduced mortality risk,” by William R. Hobbs, Moira Burke, Nicholas A. Christakis, and James H. Fowler (Vol. 113, No. 46, November 15, 2016, p. 12980–12984).

www.pnas.org/content/113/46/12980.abstract.html?etoc

August 25, 2016

CAAR – Demographic Research Article – August 25, 2016

Filed under: Reports and Articles — Tags: — admin @ 4:52 pm

Insight on ‘typical’ longevity: An analysis of the modal lifespan by leading causes of death in Canada,” by Viorela Diaconu, Nadine Ouellette, Carlo G. Camarda, and Robert Bourbeau (Vol. 36, Article 17, August 2016, .pdf format, p. 471-504).

www.demographic-research.org/volumes/vol35/17/default.htm

May 10, 2016

CAAR – US Social Security Administration, Research, Statistics, and Policy Analysis Periodicals, Research Note – May 10, 2016

Filed under: Reports and Articles — Tags: , , , — admin @ 4:56 pm

A. Social Security Bulletin (Vol. 76, No. 2, May 2016, .pdf format).

www.ssa.gov/policy/docs/ssb/v76n2/index.html

B. International Update, April 2016 (May 2016, .pdf and HTML format, 3p.).

www.ssa.gov/policy/docs/progdesc/intl_update/2016-04/index.html

C. “The Longevity Visualizer: An Analytic Tool for Exploring the Cohort Mortality Data Produced by the Office of the Chief Actuary,” by Brian J. Alleva (Research and Statistics Note No. 2016-02, May 2016, .pdf and HTML format, 23p.).

www.ssa.gov/policy/docs/rsnotes/rsn2016-02.html

February 17, 2016

CAAR – Brookings Institution Report – February 17, 2016

Filed under: Reports and Articles — Tags: , , — admin @ 4:39 pm

Later Retirement, Inequality in Old Age, and the Growing Gap in Longevity Between Rich and Poor,” by Barry Bosworth, Gary Burtless, and Kan Zhang (February 2016, .pdf format, 166p.).

www.brookings.edu/research/reports2/2016/02/life-expectancy-gaps-promise-social-security

February 4, 2016

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Paper – February 4, 2016

Filed under: Working Papers — Tags: , — admin @ 4:51 pm

Forward Mortality Rates in Discrete Time II: Longevity Risk and Hedging Strategies,” by Andrew Hunt and David Blake (PI-1602, January 2016, .pdf format, 47p.).

Abstract:

Longevity risk has emerged as an important risk in the early 21st century for the providers of pension benefits and annuities. Any changes in the assumptions for future mortality rates can have a major financial impact on the valuation of these liabilities and motivates many of the longevity-linked securities that have been proposed to hedge this risk. Using the framework developed in Hunt and Blake (2015b), we investigate how these assumptions can change over a one-year period and the potential for hedging longevity risk in an illustrative annuity

www.pensions-institute.org/workingpapers/wp1602.pdf

January 20, 2016

CAAR – Proceedings of the National Academy of Sciences Article Abstract – January 20, 2016

Filed under: Reports and Articles — Tags: , — admin @ 4:42 pm

Social relationships and physiological determinants of longevity across the human life span,” by Yang Claire Yang, Courtney Boen, Karen Gerken, Ting Li, Kristen Schorpp, and Kathleen Mullan Harris (Vol. 113, No. 3, January 19, 2016, .pdf and HTML format, p. 566-571). Note: _PNAS_ is providing open access to the full-text of this article

www.pnas.org/content/113/3/578.abstract

October 28, 2015

CAAR – World Economic Forum Report – October 28, 2015

Filed under: Reports and Articles — Tags: — admin @ 4:43 pm

How 21st-Century Longevity Can Create Markets and Drive Economic Growth,” (October 2015, .pdf format, 13p.).

www.weforum.org/reports/how-21st-century-longevity-can-create-markets-and-drive-economic-growth

August 11, 2015

CAAR – Oesterreichische Nationalbank/National Bank of Austria Working Paper – August 11, 2015

Filed under: Working Papers — Tags: , — admin @ 4:44 pm

The Return on Social Security with Increasing Longevity,” by Markus Knell (Working Paper No. 201, May 2015, .pdf format, 31p.).

www.oenb.at/en/Publications/Economics/Working-Papers/2015/working-paper-201.html

May 21, 2015

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – May 21, 2015

Filed under: Working Papers — Tags: , — admin @ 4:59 pm

Longevity Shocks with Age-Dependent Productivity Growth,” by Ben J. Heijdra and Laurie S. M. Reijnders (CESifo Working Paper No. 5364, May 2015, .pdf format, 35p.). Note: Links to the abstract and the full text of the paper available at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19160887

May 1, 2015

CAAR – Institute for Social and Economic Research (ISER) [University of Essex, Colchester, UK] Working Paper – May 1, 2015

Filed under: Working Papers — Tags: , , — admin @ 4:35 pm

Infant Health and Longevity: Evidence from a Historical Trial in Sweden,” by Sonia Bhalotra and Martin Karlsson (ISER Working Paper No. 2015-08, April 2015, .pdf format, 43p.). Note: Links to the abstract and the full text of the paper available at:

www.iser.essex.ac.uk/research/publications/working-papers/iser/2015-08

April 28, 2015

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Papers – April 28, 2015

Filed under: Working Papers — Tags: , — admin @ 4:42 pm

A. “Longevity Risk and Capital Markets: The 2013-14 Update,” by Ken Seng Tang, David Blake and Richard MacMinn (PI-1502, April 2015, .pdf format, 28p.). Note: There is no abstract for this paper.

www.pensions-institute.org/workingpapers/wp1502.pdf

B. “The Replacement Rate: An Imperfect Indicator of Pension Adequacy in Cross Country Analyses,” by Filip Chybalski & Edyta Marcinkiewicz (PI-1501, February 2015, .pdf format, 22p.).

Abstract:

Pension systems are usually evaluated from the perspective of two basic criteria: pension adequacy and financial sustainability. The first criterion concerns the level of pension benefits and protection of the elderly from poverty. The second criterion applies to financial liquidity. This paper is primarily of methodological nature. We discuss the problem of measuring pension adequacy, focusing mainly on the replacement rate, which, defined in a number of ways, is themost commonmeasure of pension adequacy. However, as we argue in this paper, it covers only one of its dimensions, namely consumption smoothing. Meanwhile, an equally important dimension, often discussed in the literature and included in most definitions of pension adequacy, is protection of old-age pensioners from poverty. Accordingly, we have proved the thesis that the replacement rate is not a sufficient measure of broadly understood pension adequacy in cross-country studies. Consequently, we have proposed alternative (or possibly complementary) measures called the synthetic pension adequacy indicators (SPAI1- 3), defined in basic form as a quotient of relative median income and the at-risk-of-poverty rate. These indicators provide for both the above-mentioned dimensions of adequacy and, according to statistical analysis, also represent them very well. Moreover, the indicators, calculated separately for men and for women, enables evaluation of the third dimension of pension adequacy, namely gender-related differences in pension adequacy.

www.pensions-institute.org/workingpapers/wp1501.pdf

April 20, 2015

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – April 20, 2015

Filed under: Working Papers — Tags: , , — admin @ 5:02 pm

Infant Health and Longevity: Evidence from a Historical Trial in Sweden,” by Sonia R. Bhalotra, Martin Karlsson, and Therese Nilsson (Discussion Paper No. 8969, April 2015, .pdf format, 43p.). Note: Links to the abstract and the full text of the paper available at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=8969

April 14, 2015

CAAR – Center for Retirement Research at Boston College Issue Brief – April 14, 2015

Filed under: Reports and Articles — Tags: , — admin @ 4:59 pm

How Will Longer Lifespans Affect State and Local Pension Funding?” by Alicia H. Munnell, Jean-Pierre Aubry and Mark Cafarelli (SLP No. 43, April 2015, .pdf format, 16p.).

crr.bc.edu/briefs/how-will-longer-lifespans-affect-state-and-local-pension-funding/

April 13, 2015

CAAR – Urban Institute Brief – April 13, 2015

Filed under: Reports and Articles — Tags: , , — admin @ 4:47 pm

How are Income and Wealth Linked to Health and Longevity?” by Steven H. Woolf, Laudan Aron, Lisa Dubay, Sarah Simon, Emily Zimmerman, and Kim Luk (April 2015, .pdf format, 21p.).

www.urban.org/publications/2000178.html

April 7, 2015

CAAR – US National Institutes of Health Funding Opportunities – April 7, 2015

Filed under: Employment/Funding Opportunities — Tags: , , — admin @ 4:47 pm

A. “Alzheimer’s Drug-Development Program (U01),” (PAR-15-174, a reissue of PAR-12-015, National Institute on Aging, application deadlines Feb. 5, June 5, and Oct. 5).

grants.nih.gov/grants/guide/pa-files/PAR-15-174.html

B. “Phenotypic and Functional Studies on FOXO3 Human Longevity Variants to Inform Potential Therapeutic Target Identification Research (R01),” (PAR-15-175, National Institute on Aging, application deadlines Feb. 5, June 5, and Oct. 5).

grants.nih.gov/grants/guide/pa-files/PAR-15-175.html

March 3, 2015

CAAR – National Bureau of Economic Research Working Paper – March 3, 2015

Links to an abstract are available. For full text availability check your organization’s library.

A. “Long-Term Care Utility and Late in Life Saving,” by John Ameriks, Joseph S. Briggs, Andrew Caplin, Matthew D. Shapiro, and Christopher Tonetti (w20973, March 2015, .pdf format, 48p.).

www.nber.org/papers/w20973

B. “Testing for Changes in the SES-Mortality Gradient When the Distribution of Education Changes Too,” by Thomas Goldring, Fabian Lange, and Seth Richards-Shubik (w20993, March 2015, .pdf format, 27p.).

www.nber.org/papers/w20993

C. “Prescription Drug Use under Medicare Part D: A Linear Model of Nonlinear Budget Sets,” by Jason Abaluck, Jonathan Gruber, and Ashley Swanson (w20976, March 2015, .pdf format, 59p.).

www.nber.org/papers/w20976

D. “The Wealth of Wealthholders,” by John Ameriks, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Christopher Tonetti (w20972, March 2015, .pdf format, 76p.).

www.nber.org/papers/w20972

January 14, 2015

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – January 14, 2015

Filed under: Working Papers — Tags: , — admin @ 4:35 pm

Pharmaceutical Innovation, Longevity, and Medical Expenditure in Greece, 1995-2010,” by Frank Lichtenberg (Working Paper No. 5166, January 2015, .pdf format, 17p.). Note: Links to the abstract and the full text of the paper available at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19149834

January 12, 2015

CAAR – Nature Biotechnology Feature Article Abstract – January 12, 2015

Filed under: Reports and Articles — Tags: , , — admin @ 1:57 pm

“Selling long life,” by  Christopher Thomas Scott and Laura DeFrancesco (Vol. 33, No. 1, January 2015, HTML and  .pdf format, p. 31-40). Check your library for full text electronic availability.

www.nature.com/nbt/journal/v33/n1/abs/nbt.3108.html

December 5, 2014

CAAR – British Medical Journal Article – December 5, 2014

Filed under: Reports and Articles — Tags: , , — admin @ 4:46 pm

Mediterranean diet and telomere length in Nurses’ Health Study: population based cohort study,” by Marta Crous-Bou, Teresa T. Fung, Jennifer Prescott, Bettina Julin, Mengmeng Du, Qi Sun, Kathryn M. Rexrode, Frank B. Hu, and Immaculata De Vivo (Vol. 349, No. 7986, December 6, 2014, BMJ 2014;349:g6674, .pdf and HTML format).

www.bmj.com/content/349/bmj.g6674

October 2, 2014

CAAR – Statistics Netherlands Article – October 2, 2014

Filed under: Reports and Articles — Tags: , — admin @ 3:04 pm

Longer life, but more years with a physical disability,” (September 2014).

www.cbs.nl/en-GB/menu/themas/bevolking/publicaties/artikelen/archief/2014/2014-4135-wm.htm

September 2, 2014

CAAR – Demographic Research Article – September 2, 2014

Filed under: Reports and Articles — Tags: , — admin @ 4:44 pm

A matrix approach to the statistics of longevity in the gamma-Gompertz and related mortality models,” by Hal Caswell (Vol. 31, Article 19, September 2014, .pdf format, p. 553-592).

www.demographic-research.org/volumes/vol31/19/default.htm

July 2, 2014

CAAR – Aeon Magazine Article – July 2, 2014

Filed under: Reports and Articles — Tags: , — admin @ 4:35 pm

The longevity gap,” by Linda Marsa (June 2014).

aeon.co/magazine/being-human/will-new-drugs-mean-the-rich-live-to-120-and-the-poor-die-at-60/

May 1, 2014

CAAR – Vienna Institute of Demography Compendium – May 1, 2014

Filed under: Reports and Articles — Tags: — admin @ 4:42 pm

Vienna Yearbook of Population Research: Volume 2013, edited by Marc Luy, Graziella Caselli and William P. Butz (April 2014, .pdf format, 349p.). Note: The theme of this issue is “Determinants of unusual and differential longevity.”

www.oeaw.ac.at/vid/publications/VYPR2013/VYPR2013.shtml

April 8, 2014

CAAR – Proceedings of the National Academy of Sciences Article Abstract – April 8, 2014

Filed under: Reports and Articles — Tags: , — admin @ 4:15 pm

Extended lifespan and reduced adiposity in mice lacking the FAT10 gene,” by Allon Canaan, Jason DeFuria, Eddie Perelman, Vincent Schultz, Montrell Seay, David Tuck, Richard A. Flavell, Michael P. Snyder, Martin S. Obin, and Sherman M. Weissman (Vol. 111, No. 14, April 8, 2014, p. 5313-5318)

www.pnas.org/content/111/14/5313.abstract.html?etoc

March 21, 2014

CAAR – UK Office for National Statistics Statistical Bulletins – March 21, 2014

Filed under: Reports and Articles — Tags: , , , — admin @ 4:44 pm

A. “Estimates of the Very Old (including Centenarians) for the United Kingdom, 2002-2012,” (March 2014, .pdf and HTML format, 16p.).

www.ons.gov.uk/ons/rel/mortality-ageing/estimates-of-the-very-old–including-centenarians-/2002—2012–united-kingdom/stb-2002-2012-uk.html

B. “National Life Tables, United Kingdom, 2010-2012,” (March 2014, .pdf and HTML format, 19p.).

www.ons.gov.uk/ons/rel/lifetables/national-life-tables/2010—2012/stb-uk-2010-2012.html

C. “Healthy Life Expectancy at birth and at age 65: Clinical Commissioning Groups (2010-12),” (March 2014, .pdf and HTML format, 19p.).

www.ons.gov.uk/ons/rel/census/2011-census-analysis/healthy-life-expectancy-at-birth-and-at-age-65–clinical-commissioning-groups–ccgs–2010-12/rpt-hle.html

March 19, 2014

CAAR – Center for Retirement Research at Boston College Issue Brief – March 19, 2014

Filed under: Reports and Articles — Tags: , — admin @ 4:06 pm

Do Longevity Expectations Influence Retirement Plans?” by Mashfiqur R. Khan, Matthew S. Rutledge and April Yanyuan Wu (IB No. 14-6, March 2014, .pdf format, 7p.).

crr.bc.edu/briefs/do-longevity-expectations-influence-retirement-plans/

January 30, 2014

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Paper – January 30, 2014

Filed under: Working Papers — Tags: , — admin @ 4:30 pm

Long Term Care and Longevity,” by Christian Gourieroux and Yang Lu (PI1306, November 2013, .pdf format, 63p.).

Abstract:

The increase of the expected lifetime, that is the longevity phenomenon, is accompanied by an increase of the number of seniors with a severe disability. Because of the significant costs of long term care facilities, it is important to analyze the time spent in long term care, as well as the probability of entering into this state during its lifetime, and how they evolve with longevity. Our paper considers such questions, when lifetime data are available, but long term care data are either unavailable, or too aggregated, or unreliable, as it is usually the case.

We specify a joint structural model of long term care and mortality, and explain why parameters of such models are identifiable from only the lifetime data. The methodology is applied to the mortality data of French males, rst with a deterministic trend and then with a dynamic factor process. Prediction formulas are then provided and illustrated using the same data. We show in particular that the expected cost of the long term care is increasing less fast than the residual life expectancy at age 50.

www.pensions-institute.org/workingpapers/wp1306.pdf

January 10, 2014

CAAR – Center for Retirement Research at Boston College Working Paper – January 10, 2014

Filed under: Working Papers — Tags: , — admin @ 4:50 pm

How Do Subjective Longevity Expectations Influence Retirement Plans?” by Mashfiqur R. Khan, Matthew S. Rutledge and April Yanyuan Wu (WP 2014-01, January 2014, .pdf format, 32p.). Note: Links to the abstract and full-text can be found at:

crr.bc.edu/working-papers/how-do-subjective-longevity-expectations-influence-retirement-plans/

October 7, 2013

CAAR – Pension Research Council, Wharton School, University of Pennsylvania Working Papers – October 7, 2013

Filed under: Working Papers — Tags: , , — admin @ 4:38 pm

Note: PRC requires free registration before providing working paper.

A. “The Funding Debate: Optimizing Pension Risk within a Corporate Risk Budget,” by Geoff Bauer, Gordon Fletcher, Julien Halfon, and Stacy Scapino (WP2013-30, October 2013, .pdf format, 30p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1161

B. “Extreme Risks and the Retirement Anomaly,” by Tim Hodgson (WP2013-28, October 2013, .pdf format, 51p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1159

C. “Developments in European Pension Regulation: Risks and Challenges,” by Stefan Lundberg, Ruben Laros, and Laura Rebel (WP2013-27, October 2013, .pdf format, 43p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1158

D. “Evolving Roles for Pension Regulations: Toward Better Risk Control,” by E. Philip Davis (WP2013-26, October 2013, .pdf format, 36p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1157

E. “Stress Testing Monte Carlo Assumptions,” by Marlena I. Lee (WP2013-25, October 2013, .pdf format, 14p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1156

F. “Implications for Long-term Investor of the Shifting Distribution of Capital Market Returns,” by James Moore and Niels Pedersen (WP2013-24, October 2013, .pdf format, 45p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1155

G. “Managing Capital Market Risk for Retirement,” by Enrico Biffis and Robert Kosowski (WP2013-23, October 2013, .pdf format, 36p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1154

H. “The Securitization of Longevity Risk and its Implications for Retirement Security,” by Richard D. MacMinn, Patrick Brockett, Jennifer Wang, Ruilin Tian, and Yijia Lin (WP2013-22, October 2013, .pdf format, 43p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1153

I. “Model Risk, Mortality Heterogeneity, and Implications for Solvency and Tail Risk,” by Michael Sherris and Qiming Zhou (WP2013-21, October 2013, .pdf format, 40p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1152

J. “Longevity Risk Management, Corporate Finance, and Sustainable Pensions,” by Guy Coughlan (WP2013-20, October 2013, .pdf format, 41p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1151

K. “Modeling and Management of Longevity Risk,” by Andrew J. G. Cairns (WP2013-19, October 2013, .pdf format, 32p.). Note: Links to the abstract and full-text can be found at:

www.pensionresearchcouncil.org/publications/document.php?file=1150

September 30, 2013

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – September 30, 2013

Filed under: Reports and Articles — Tags: , — admin @ 4:28 pm

Accounting for the Rise of Health Spending and Longevity,” by Raquel Fonseca, Pierre-Carl Michaud, Arie Kapteyn, Titus Galama (Discussion Paper No. 7622, September 2013, .pdf format, 56p.). Note: Links to the abstract and full-text can be found at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=7622

September 24, 2013

CAAR – Demographic Research Article – September 24, 2013

Filed under: Reports and Articles — Tags: — admin @ 5:03 pm

The fragility of the future and the tug of the past: Longevity in Latin America and the Caribbean,” by Alberto Palloni and Laeticia Souza (Vol. 29, Article 21, September 2013, .pdf format, p.543-578).

www.demographic-research.org/volumes/vol29/21/default.htm

September 16, 2013

CAAR – Vienna Institute of Demography Working Paper – September 16, 2013

Filed under: Working Papers — Tags: — admin @ 4:47 pm

The Longevity of Academicians: Evidence from the Saxonian Academy of Sciences and Humanities in Leipzig,” by Maria Winkler-Dworak and Heiner Kaden (VID Working Paper 03/2013, 2013, .pdf format, 17p.).

Abstract:

This study addresses the mortality of the members of the Saxonian Academy of Sciences and Humanities in Leipzig. In fact, learned societies have been shown to present vanguard groups in the achievement of longevity. We use biographical records from the members of the Saxonian Academy of Sciences from 1846 to 2010 and compare their mortality to German life table estimates, where particularly attention is paid to the mortality differentials between eastern and western Germany. The Saxonian academicians show indeed a higher life expectancy at age 60 than the general German male population, where the gap has been widening since the 1950s. Comparing the life expectancy values for the Saxonian academicians to available estimates of various European learned societies yields a similar longevity, suggesting that the survival of the academicians is less determined by national mortality conditions but that academicians rather share a common health advantage.

www.oeaw.ac.at/vid/download/WP2013_03.pdf

August 22, 2013

CAAR – ZoomerMedia Website of Interest – August 22, 2013

Filed under: Websites of Interest — Tags: , — admin @ 4:16 pm

Human Longevity and a New Vision of Aging [Lecture by Natalia and Leonid Gavrilov given at the 3rd Annual Conference of Canadian Association of Retired Persons (CARP) on Aging & Health],” (August 2013, running time 21 minutes 13 seconds).

www.youtube.com/watch?v=3bVjgNsfJvI

April 29, 2013

CAAR – Center on Aging, NORC/University of Chicago Conference Paper – April 29, 2013

Filed under: Reports and Articles — Tags: — admin @ 4:10 pm

Determinants of Exceptional Longevity: Early-Life Conditions, Mid-Life Environment and Parental Characteristics,” by Leonid A. Gavrilov and Natalia S. Gavrilova (April 2013, .pdf format, 51p.). Note: This paper was presented at the PAA Annual Conference on April 12, 2013.

paa2013.princeton.edu/papers/130125

April 18, 2013

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – April 18, 2013

Filed under: Working Papers — Tags: — admin @ 4:04 pm

Evidence on Individual Preferences for Longevity Risk,” by Gaetan Delprat, Marie-Louise Leroux, and Pierre-Carl Michaud (Working Paper No. 4196, April 2013, .pdf format, 19p.). Note: Links to the abstract and full-text can be found at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19087556

April 8, 2013

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Papers – April 8, 2013

Filed under: Working Papers — Tags: , , — admin @ 3:56 pm

A. “Does Mental Productivity Decline with Age? Evidence from Chess Players,” by Marco Bertoni, Giorgio Brunello, and Lorenzo Rocco (Discussion Paper No. 7311, March 2013, .pdf format, 15p.). Note: Links to the abstract and full-text can be found at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=7311

B. “Evidence on Individual Preferences for Longevity Risk,” by Gaetan Delprat, Marie-Louise Leroux, and Pierre-Carl Michaud (Discussion Paper No. 7317, March 2013, .pdf format, 19p.). Note: Links to the abstract and full-text can be found at:

www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=7317

November 13, 2012

CAAR – Max Planck Institute for Demographic Research Working Paper – November 13, 2012

Filed under: Working Papers — Tags: — admin @ 10:09 am

Regional hot spots of exceptional longevity in Germany,” by Rembrandt D. Scholz and Sebastian Klusener (WP2012-028, November 2012, .pdf format, 25p.). Note: Links to the abstract and full-text can be found at:

www.demogr.mpg.de/en/projects_publications/publications_1904/mpidr_working_papers/regional_hot_spots_of_exceptional_longevity_in_germany_4701.htm

September 13, 2012

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Paper – September 13, 2012

Filed under: Working Papers — Tags: — admin @ 4:07 pm

How to Start a Capital Market in Longevity Risk Transfers,” by David Blake and Enrico Biffis (PI-1207, September 2012, .pdf format, 9p.).

Abstract:

A market in longevity risk transfers can succeed if longevity risk exposures are optimally pooled, tranched, and securitized. This is necessary to deal with the issue of asymmetric information, where the seller or hedger of the exposure has more privately held information about it than any potential investor in the risk. The optimal way to transfer longevity risk is through a principal-at-risk bond specifically designed to minimize the sensitivity of the bond’s value to private information while appealing to investors with different risk appetites.

www.pensions-institute.org/workingpapers/wp1207.pdf

September 12, 2012

CAAR – Nature Article, Letter Abstract – September 12, 2012

Filed under: Reports and Articles — Tags: , , — admin @ 2:50 pm

A. “RPN-6 determines C. elegans longevity under proteotoxic stress conditions,” by David Vilchez, Ianessa Morantte, Zheng Liu, Peter M. Douglas, Carsten Merkwirth, Ana P. C. Rodrigues, Gerard Manning, & Andrew Dillin (Vol. 489, No. 7415, September 13, 2012, p. 263-268).

www.nature.com/nature/journal/v489/n7415/abs/nature11315.html

B. “Impact of caloric restriction on health and survival in rhesus monkeys from the NIA study,” by Julie A. Mattison, George S. Roth, T. Mark Beasley, Edward M. Tilmont, April M. Handy, Richard L. Herbert, Dan L. Longo, David B. Allison, Jennifer E. Young, Mark Bryant, Dennis Barnard, Walter F. Ward, Wenbo Qi, Donald K. Ingram & Rafael de Cabo (Vol. 489, No. 7415, September 13, 2012, p. 318-321).

www.nature.com/nature/journal/v489/n7415/abs/nature11432.html

September 10, 2012

CAAR – National Bureau of Economic Research Working Papers – September 10, 2012

Filed under: Working Papers — Tags: , , , — admin @ 4:34 pm

A. “Consumer Inertia and Firm Pricing in the Medicare Part D Prescription Drug Insurance Exchange,” by Keith M. Marzilli Ericson (w18359, September 2012, .pdf format, 32p.).

Abstract:

I use the Medicare Part D prescription drug insurance market to examine the dynamics of firm interaction with consumers on an insurance exchange. Enrollment data show that consumers face switching frictions leading to inertia in plan choice, and a regression discontinuity design indicates initial defaults have persistent effects. In the absence of commitment to future prices, theory predicts firms respond to inertia by raising prices on existing enrollees, while introducing cheaper alternative plans. The complete set of enrollment and price data from 2006 through 2010 confirms this prediction: older plans have approximately 10% higher premiums than comparable new plans.

papers.nber.org/papers/w18359

B. “Recessions, Older Workers, and Longevity: How Long Are Recessions Good For Your Health?” by Courtney C. Coile, Phillip B. Levine, and Robin McKnight (w18361, September 2012, .pdf format, 31p.).

Abstract:

This paper examines the impact of exposure to higher unemployment rates in the pre-retirement years on subsequent mortality. Although past research has found that recessions reduce contemporaneous mortality, these short-term effects may reverse over time, particularly for older workers. If workers experience an economic downturn in their late 50s, they may face several years of reduced employment and earnings before ‘retiring’ when they reach Social Security eligibility at age 62. They also may experience lost health insurance, and therefore higher financial barriers to health care, through age 65, when Medicare becomes available. All of these experiences could contribute to weaker long-term health outcomes. To examine these hypotheses, we use Vital Statistics mortality data between 1969 and 2008 to generate age-specific cohort survival probabilities at older ages. We then link these survival probabilities to labor market conditions at earlier ages. We also use data from the 1980-2010 March Current Population Surveys and the 1991-2010 Behavioral Risk Factor Surveillance System surveys to explore potential mechanisms for this health effect. Our results indicate that experiencing a recession in one’s late 50s leads to a reduction in longevity. We also find that this exposure leads to several years of reduced employment, health insurance coverage, and health care utilization which may contribute to the lower long-term likelihood of survival.

papers.nber.org/papers/w18361

August 29, 2012

CAAR – Federal Reserve Bank of Minneapolis (Minnesota) Report – August 29, 2012

Filed under: Reports and Articles — Tags: , — admin @ 4:44 pm

Heterogeneity in Expected Longevities,” by Jose-Víctor Ríos-Rull and Josep Pijoan-Mas (Staff Report No. 471, August 2012, .pdf and Post-script format, 38p.).

www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4939

August 10, 2012

CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Paper – August 10, 2012

Filed under: Working Papers — Tags: — admin @ 3:32 pm

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.

www.pensions-institute.org/workingpapers/wp1206.pdf

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