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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Personal Retirement Challenges

Zvi Bodie, Andrew Lo, and Robert Merton, Organizers
Supported by the TIAA-CREF Institute

November 1, 2013

Royal Sonesta Hotel
40 Edwin Land Boulevard
Cambridge, MA

PROGRAM

 

Thursday, October 31

6:30 pm

Group Dinner at Dante
Royal Sonesta Hotel
40 Edwin Land Boulevard
Cambridge, MA

Friday, November 1


8:30 am


Coffee and pastries


9:00 am


John Beshears, Harvard University and NBER
James J. Choi, Yale University and NBER
David Laibson, Harvard University and NBER
Brigitte C. Madrian, Harvard University and NBER
Stephen P. Zeldes, Columbia University and NBER
What Makes Annuitization More Appealing?

Discussant: Kent Smetters, University of Pennsylvania and NBER


10:00 am


Break


10:15 am


Lans Bovenberg, Tilburg University
Roel J. Mehlkopf, Ministery of Social Affairs
Theo E. Nijman, Tilburg University
Bas J.M. Werker, Tilburg University
Variable Annuities in Pension Schemes with Risk Sharing: Valuation, Investment and Communication

Discussant: Dirk Broeders, De Nederlandsche Bank


11:15 am


Veronika K. Pool, Indiana University
Clemens Sialm, University of Texas, Austin and NBER
Irina Stefanescu, Board of Governors of the Federal Reserve System
It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Discussant: Michael Zwecher, AERS Advisory


12:15 pm


Lunch and panel discussion
Moderator: James M. Poterba, Massachusetts Institute of Technology and NBER

Brigitte C. Madrian, Harvard University and NBER
David Richardson, TIAA-CREF Institute
John B. Shoven, Stanford University and NBER


1:45 pm


Ralph Koijen, London Business School and NBER
Stijn Van Nieuwerburgh, New York University and NBER
Motohiro Yogo, Federal Reserve Bank of Minneapolis
Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Discussant: Mark Warshawsky, American Enterprise Institute


2:45 pm


Break


3:00 pm


Henriette M. Prast, University of Tilburg
Mariacristina Rossi, Universita' d¡ Torino, CeRP-Collegio Carlo Alberto
Rik Dillingh, University of Tilburg
Maria Cesira Urzi' Brancati, Universita' d¡ Tor Vergata, CeRP-Collegio Carlo Alberto
Psychology and Economics in the Reverse Mortgages

Discussant: Christopher J. Mayer, Columbia University and NBER


4:00 pm


Robert Novy-Marx, University of Rochester and NBER
Joshua Rauh, Stanford University and NBER
Funding Soft Liabilities

Discussant: C. Eugene Steuerle, Urban Institute


5:00 pm


Adjourn