CESifo/DELTA Conference

Strategies for Reforming Pension Schemes

CESifo Conference Centre, Munich

5 - 6 November 2004

	Programme
	Friday, 5 November 2004
10:00 - 10:10	Welcome
	Session I: General Equilibrium Analyses of Privatization Chair: David Miles (Imperial College London)
10:10 - 11:20	Optimal Response to a Demographic Shock JUAN CONESA (Universitat Pompeu Fabra, Barcelona) & Carlos Garriga (Florida State University) Discussant: Pierre Pestieau (Université de Liège)
11:20 - 12:30	Elimination of Social Security in a Dynastic Framework Luisa Fuster (University of Toronto), Ayse Imrohoroglu & SELAHATTIN IMROHOROGLU (University of Southern California, Los Angeles) Discussant: Gabrielle Demange (EHESS and DELTA, Paris)
12:30 - 13:30	Lunch
	Session II: Housing Tenure Decisions and PAYGO Portability Chair: Georges de Ménil (EHESS and DELTA, Paris)
13:30 - 14:40	Optimal Life Cycle Portfolio Allocation and Housing Tenure Decisions Ales Cerny; DAVID MILES & Lubomir Schmidt (Imperial College London) Discussant: Antonis Adam (Athens University of Economics and Business)

14:40 - 15:50	Free Choice of Unfunded Systems: A First Assessment GABRIELLE DEMANGE (DELTA, Paris) Discussant: Christian Gollier (Université des Sciences Sociales, Toulouse)
15:50 - 16:10	Coffee Break
	Session III: Social Security and Children Chair: Gabrielle Demange (DELTA, Paris)
16:10 - 17:20	Pensions with Heterogenous Individuals and Endogenous Fertilitiy HELMUTH CREMER (Université des Sciences Sociales, Toulouse), Firouz Gahvari (University of Illinois) & Pierre Pestieau (Université de Liège) Discussant: Selahattin Imrohoroglu (University of Southern California, Los Angeles)
17:20 - 17:40	Coffee Break
17:40 - 19:10	Panel Discussion: The State of Pension Reform in the European Union AXEL BÖRSCH-SUPAN (Mannheim Research Institute for the Economics of Aging (MEA)), Didier Blanchet (Institut National de la Statistique et des Etudes Economique (INSEE), Paris), TITO BOERI (IGIER-Università Bocconi, Milano).
	Saturday, 6 November 2004
	Session IV: Funded Systems: Problems and Challenges Chair: Robert Fenge (Ifo Institute, Munich)
09:00 - 10:10	Macroeconomic Effects of Social Security Privatization in a Unionized Economy ANTONIS ADAM (Athens University of Economics and Business) Discussant: András Simonovits (Hungarian Academy of Sciences, Budapest)
10:10 - 11:20	Ageing, Funded Pensions and the Dutch Economy A. Lans Bovenberg (Tilburg University) & THIJS KNAAP (Ocfeb; Rotterdam) Discussant: Juan Conesa (Universitat Pompeu Fabra, Barcelona)
11:20 - 11:40	Coffee Break
11:40 - 12:50	Keynote speech: Optimal Portfolio Management for Individual Pension Plans CHRISTIAN GOLLIER (Université des Sciences Sociales, Toulouse) Discussant: Eytan Sheshinski (Hebrew University of Jerusalem)
12:50 - 13:50	Lunch

	Session V: Pension Reforms and Retirement Age Chair: Pierre Pestieau (Université de Liège)
13:50 - 15:00	Optimum Delayed Retirement Credit EYTAN SHESHINSKI (The Hebrew University of Jerusalem) Discussant: Ted Bergstrom (University of California Santa Barbara)
15:00 - 16:10	Does Increasing Contribution Length Lead to Higher Retirement Age? Evidence from the 1993 French Pension Reform ANTOINE BOZIO (CEPREMAP, Paris) Discussant: Didier Blanchet (INSEE, Paris)
16:10 - 16:30	Coffee Break
	Session VI: Reforms of PAYG Schemes and Political Sustainability Chair: Tito Boeri (Universitá Bocconi)
16:30 - 17:40	Designing Benefit Rules for Flexible Retirement: (Actuarial) Fairness Versus Efficiency ANDRÁS SIMONOVITS (Hungarian Academy of Sciences, Budapest) Discussant: Thijs Knaap (Ocfeb, Rotterdam)
17:40 - 18:50	Demographics and the Political Sustainability of PAYG Social Security Ted Bergstrom & JOHN HARTMAN (University of California Santa Barbara) Discussant: Lubomir Schmidt (Imperial College London)
18:50	End of conference
19:30	Conference Dinner at the Seehaus, Englischer Garten

Strategies for Reforming Pension Schemes

CESifo Conference Centre, Munich

Programme