2019-11-22T12:31:23+00:00

2nd CEAR-RSI Household Finance Workshop

November 15 and 16, 2019

Le Saint-Sulpice Hôtel Montréal

414 rue Saint-Sulpice, Montréal, Québec H2Y 2V5

Final Program

From left to right: Glenn Harrison, CEAR Director; Olivia S. Mitchell, keynote speaker; and Pierre-Carl Michaud, Director of the RSI.

Papers

Making Your Money Last a Lifetime
Olivia S. Mitchell
Papers:
Putting the Pension Back in 401(k) Retirement Plans: Optimal versus Default Deferred Longevity Income Annuities
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell
Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Tatjana Schimetschek
Slides

Default Options and Retirement Saving Dynamics
Taha Choukhmane
Slides

Labor Market Risk and the Private Value of Social Security
Sylvain Catherine
Slides

Consumption Quality: A New Perspective on the Welfare Implications of Business Cycle Fluctuations
Casper Nordal Jørgensen, Leslie Sheng Shen
Slides

Learning to value annuities: The role of information and engagement
Hazel Bateman, Jennifer Alonso Garcia, Eduard Ponds, Ralph Stevens
Slides

Can Risk be Shared Across Investor Cohorts? Evidence from a Popular Savings Product
Johan Hombert, Victor Lyonnet

About the event

This workshop brought together researchers interested in household financial decision-making. This workshop was held jointly by the Retirement and Savings Institute (RSI) at HEC Montréal and the Center for the Economic Analysis of Risk (CEAR) at Georgia State University. This was the 2nd workshop in this series. Subjects of particular interest included:

  • Pensions and retirement
  • Financial literacy
  • Consumption-saving decisions
  • Financial planning and advice
  • Financial delinquency and bankruptcy
  • Household insurance and risk management

Keynote address

The keynote address was be given by Olivia S. Mitchell, from the Wharton School of the University of Pennsylvania.

From the website of the Wharton School of the University of Pennsylvania:

Dr. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, as well as Professor of Insurance/Risk Management and Business Economics/Policy; Executive Director of the Pension Research Council; and Director of the Boettner Center on Pensions and Retirement Research; all at the Wharton School of the University of Pennsylvania which she joined in 1993. Concurrently Dr. Mitchell serves as a Research Associate at the NBER; Independent Director on the Wells Fargo Fund Boards; Co-Investigator for the Health and Retirement Study at the University of Michigan; Member of the Executive Board for the Michigan Retirement Research Center; and Senior Scholar at the Singapore Management University. She also advises the Centre for Pensions and Superannuation UNSW and is Faculty Affiliate of the Wharton Public Policy Initiative. She received the MA and PhD degrees in Economics from the University of Wisconsin-Madison, and the BA in Economics from Harvard University. She is currently a Senior Editor of the Journal of Pension Economics and Finance.

Organizer

Professor Philippe d’Astous (HEC Montréal) was the primary local organizer of this workshop. Should you have questions, please contact him at philippe.dastous@hec.ca.

Sponsors

Call for papers