CEBR/CESifo Conference on Pension Reform

Copenhagen

11 - 12 June 2005

	Programme
	Saturday, 11 June 2005
09:00 - 09:15	Arrival and Coffee
09:15 - 09:20	Welcome Address
	Session 1: Preparing for Retirement Chair: Panu Poutvaara
09:20 - 10:00	Endogenous Pensions and Retirement Behaviour RANDALLl K. FILER (CERGE-EI and the City University of New York) and Marjorie Honig (City University of New York) Discussant: David Dorn (University of St. Gallen)
10:00 - 10:40	Assessing Savings Sufficiency at the Time of Retirement and Ten Years Later: Implications for Social Security and Pension Reform Robert Haveman (University of Wisconsin-Madison), KAREN HOLDEN (University of Wisconsin-Madison), Barbara Wolfe (University of Wisconsin-Madison), Andrei Romanov (University of Wisconsin-Madison) Discussant: Ivica Dus (Johann Wolfgang Goethe-University of Frankfurt)
10:40 - 11:10	Coffee Break
	Session 2: Early Retirement Chair: Marko Köthenbürger
11:10 - 11:50	Why Forcing People to Save for Retirement May Backfire MONIKA BUETLER (University of St. Gallen), Olivia Huguenin (Université de Lausanne), Federica Teppa (Università di Torino) Discussant: Randall K. Filer (CERGE-EI and the City University of New York)
11:50 - 12:30	Early Retirement: Free Choice or Forced Decision? DAVID DORN (University of St. Gallen), Alfonso Sousa-Poza (University of St. Gallen) Discussant: Svend E. Hougaard Jensen (CEBR, Copenhagen Business School)
12:30 - 13:30	Lunch
	Session 3: Demographic Challenges Chair: Dirk Niepelt
13:30 - 14:10	Optimal Pension Design under Stochastic Fertility: the Role of Capital Mobility and Education Financing JOVAN ZAMAC (Uppsala University) Discussant: Hans Fehr (University of Würzburg)
14:10 - 14:50	Can Immigrant Employment Alleviate the Demographic Burden? The Role of Union Centralization ALEXANDER KEMNITZ (University of Mannheim) Discussant: Jovan Zamac (Uppsala University)
14:50 - 15:30	Social Security Incentives, Human Capital Investment and Mobility of Labor PANU POUTVAARA (CEBR, Copenhagen Business School) Discussant: Harrie Verbon (Tilburg University, CentER)
15:30 - 16:00	Coffee Break
	Keynote Address Chair: Marko Köthenbürger
16:00 - 17:00	Pension and Medicost Reform - Averting the Demographic Demise LAURENCE J. KOTLIKOFF (Boston University)
19:30	Conference Dinner

	Sunday, 12 June 2005
	Session 4: Capital Market Issues Chair: Johannes Binswanger
09:00 - 09:40	Public Pensions and Capital Accumulation: The Case of Brasil Gerhard Glomm (Indiana University, Bloomington), JUERGEN JUNG (Indiana University, Bloomington), Changmin Lee (Indiana University, Bloomington), Chung Tran (Indiana University, Bloomington) Discussant: Alexander Kemnitz (University of Mannheim)
09:40 - 10:20	The International Spillover Effects of Pension Reform via Capital Markets YVONNE ADEMA (Tilburg University, CentER), Lex Meijdam (Tilburg University, CentER), Harrie Verbon (Tilburg University, CentER) Discussant: Marko Köthenbürger (University of Munich)
10:20 - 10:40	Coffee Break
	Keynote Address Chair: Andreas Wagener
10:40 - 11:40	Public Pension Programme Design: Impact on Saving Rates and Employment RICHARD DISNEY (University of Nottingham)
11:40 - 12:00	Coffee Break
	Session 5: Political Economy of Social Security Chair: Monika Buetler
12:00 - 12:40	Sustaining Social Security Martín Gonzales-Eiras (Universidad de San Andrés, Argentina), DIRK NIEPELT (IIES, Stockholm University and Study Center Gerzensee) Discussant: J. Ignacio Conde-Ruiz (Prime Minister's Economic Bureau and FEDEA)
12:40 - 13:20	The Evolution of Retirement J. IGNACIO CONDE-RUIZ (Prime Minister's Economic Bureau and FEDEA), Vincenzo Galasso (IGIER, Università Bocconi and CEPR), Paola Profeta (Università di Pavia and Università Bocconi) Discussant: Mikko Puhakka (University of Oulu)
13:20 - 14:20	Lunch
	Session 6: Financial Issues Chair: Alexander Kemnitz
14:20 - 15:00	Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans IVICA DUS (Johann Wolfgang Goethe- University of Frankfurt), Raimond Maurer (Johann Wolfgang von Goethe- University of Frankfurt), Olivia S. Mitchell (The Wharton School, University of Pennsylvania) Discussant: Karen Holden (University of Wisconsin)
15:00 - 15:40	Risk Management of Pension Systems from the Perspective of a New Behavioral Life-Cycle Model JOHANNES BINSWANGER (University of Toulouse) Discussant: Andreas Wagener (University of Vienna)
15:40 - 16:00	Coffee Break
	Keynote Address Chair: Panu Poutvaara
16:00 - 17:00	Issues in the Design on the Optimal Pension Plan MICHELE BOLDRIN (University of Minnesota)
17:00 - 17:15	Closing Remarks
19:00	Conference Dinner (optional)

CEBR/CESifo Conference on Pension Reform

Copenhagen

Programme