HEC Montréal, December 2016
Around the world, the economic conditions of the elderly are changing rapidly. On one hand, we are seeing the new elderly reach retirement with significant financial assets, in particular among households where both spouses have extensive labor market experience. On the other hand, transformations in the workplace imply that employer pension plans are vastly different from what they were in the past, leading retirees to face potentially more risks – and more complex decisions – than they did. Adding to these factors, trends in population health are mixed, some forces indicating that the future elderly will be healthier while others would suggest more years spent in worse health. With governments beginning to feel the heat from these mounting pressures, and societies – including employers offering retirement saving programs – looking to adapt, this conference aimed to shed further light on various dimensions of the well-being of the future elderly population.
Organized in collaboration the QICSS and the CIRANO, the conference received financial support from the Social Sciences and Humanities Research Council (SSHRC), the Canadian Research Data Centre Network (CRDCN), the Fonds de recherche du Québec – Société et culture (FRQSC) and its partners, the Institut de la statistique du Québec (ISQ), HEC Montréal, Université de Montréal, ESG UQAM and the Faculté des sciences sociales at Université Laval.
December 5, 2016
Keynote Speaker
- Are the future elderly prepared?
Arie Kapteyn // Center for Economic and Social Research, University of Southern California[Slides]
Session 1
- Drawing Down Retirement Wealth : Interactions between Social Security Wealth and Private Retirement Savings
Philip Armour // RAND Corporation[Slides] [Paper] - Assessing the Demand for Annuities in an Undeveloped Market : Evidence from Hong Kong
Joachim Inkmann // University of Melbourne[Slides] [Paper]
Keynote Speaker
- Well-being in old age when people care about today
Axel Börsch-Supan // Max Planck Institute for Social Law and Social Policy[Slides]
Session 2
- Identifying income and wealth-poor households in the euro area
Philip Müller // University of Göttingen[Slides] [Paper] - Cutting One’s Coat According to One’s Cloth – How did the great recession affect retirement resources and expenditure goals?
Jochem de Bresser // Tilburg University[Slides] [Paper] - Home production as a substitute to market consumption? Estimating the elasticity using House price shocks from the Great Recession
Jim Been // Leiden University[Slides] [Paper] - The health and capacity to work of older men and women in Canada
Tammy Schirle // Wilfrid Laurier University[Slides] [Paper]
Keynote Speaker
- Perceived Financial Well-Being of Canadians in Mid to Later Life: A Longitudinal and Multi-Method Analysis
Susan McDaniel // Prentice Institute for Global Population and Economy, University of Lethbridge[Slides]
December 6, 2016
Session 3
- Poverty and Sleep in Later Life
Jen-Hao Chen // University of Missouri[Slides] [Paper] - Disability in Retirement, Home Production, and Informal Insurance Between Spouses
Bertrand Achou // Université Laval[Slides] [Paper] - Closing Down the Shop: Optimal Health and Wealth Dynamics near the End of Life
Pascal St-Amour // Université de Lausanne[Slides] [Paper]
Session 4
- Intra-Household Labour Income Responses to Changes in Tax Rates among Older Workers
Derek Messacar // Statistics Canada[Slides] [Paper] - Will we repay our debts before retirement? Or did we already, but nobody noticed?
Mauro Mastrogiacomo // Vrije Universiteit Amsterdam[Slides] [Paper] - Home Production and Retirement in Couples: A Panel Data Analysis
Arthur van Soest // Tilburg University[Slides] [Paper] - As You Sow, So Shall You Reap : Gender-role Attitudes and Late-life Cognition
Eric Bonsang // Université Paris-Dauphine[Slides] [Paper]
Session 5
- Preparation for Retirement and the Risk of Out-of-pocket Long-term Care Expenses
Michael Hurd // RAND Corporation[Slides]
Panel
- Reforming the Canada Pension Plan and the Quebec Pension Plan
Bob Baldwin // Pension Consultant [Slides] Tammy Schirle // Wilfrid Laurier University [Slides] Pierre-Carl Michaud // HEC Montréal, Chaire Industrielle Alliance and CIRANO [Slides]