Discovery Early Career Researcher Award - Grant ID: DE200101266
Funder
Australian Research Council
Funding Amount
$420,039.00
Summary
Demystifying Puzzles in Retirement Planning. This project aims to investigate optimal retirement planning with stochastic and ambiguous mortality/longevity risks not previously considered in a unifying framework. By using an innovative approach utilising techniques from actuarial science, financial mathematics and stochastic control, this project expects to generate new knowledge in the area of personal longevity risk management. Expected outcome of the project include new insights to several pu ....Demystifying Puzzles in Retirement Planning. This project aims to investigate optimal retirement planning with stochastic and ambiguous mortality/longevity risks not previously considered in a unifying framework. By using an innovative approach utilising techniques from actuarial science, financial mathematics and stochastic control, this project expects to generate new knowledge in the area of personal longevity risk management. Expected outcome of the project include new insights to several puzzling questions in retirement studies. This should provide significant benefits to retirement education for retirees facing the risk of outliving retirement savings, thereby mitigating the pressing challenge caused by population ageing and longevity risk to pension systems in many countries.Read moreRead less
Australian Laureate Fellowships - Grant ID: FL110100247
Funder
Australian Research Council
Funding Amount
$2,461,000.00
Summary
Understanding the implications of population ageing for the future costs of funding health care, aged care and aged pensions in Australia. Decisions about health insurance, aged care, superannuation and retirement are often very complex, and most people find making the best choices extremely challenging. This project will develop new models and design new policies that can help people make better decisions in these areas, leading to greater well being in retirement.
Super Financial Security: Improving Flexibility, Trust and Communication. This project aims to address the significant worldwide challenge of how to safeguard financial wellbeing at older ages. In doing so it aims to investigate three important and interconnected influences on retirement preparation: flexible choice architecture, trust formation and effective communication. The project aims to use a combination of innovative modelling, experimental and field-based approaches. The principal expec ....Super Financial Security: Improving Flexibility, Trust and Communication. This project aims to address the significant worldwide challenge of how to safeguard financial wellbeing at older ages. In doing so it aims to investigate three important and interconnected influences on retirement preparation: flexible choice architecture, trust formation and effective communication. The project aims to use a combination of innovative modelling, experimental and field-based approaches. The principal expected outcomes are insights into the factors that guide superannuation choice, build trust with superannuation providers, and ensure clear and effective communication with members.Read moreRead less
Mandatory pre-funded retirement income schemes: Best policy and practice. This innovative project aims to leverage in-depth knowledge of two mandatory pre-funded retirement income systems, Australia and the Netherlands to create new findings to significantly advance policy and practice in these two countries. Mandatory pre-funded retirement income structures adopt a range of approaches regarding choice and drawdown structures. This project aims to use survey and experimental techniques, and stoc ....Mandatory pre-funded retirement income schemes: Best policy and practice. This innovative project aims to leverage in-depth knowledge of two mandatory pre-funded retirement income systems, Australia and the Netherlands to create new findings to significantly advance policy and practice in these two countries. Mandatory pre-funded retirement income structures adopt a range of approaches regarding choice and drawdown structures. This project aims to use survey and experimental techniques, and stochastic life-cycle models, to investigate comparative choice frameworks and the menu of retirement income products in the two countries. It aims to deliver models for improved policy and retirement income designs, producing outcomes which aim to generate global benefit as more countries move towards this pension paradigm.Read moreRead less
What women want: unravelling the factors underlying women's financial decision-making behaviour. By the time women retire, they are generally worse off financially than men. This national study will be the first to measure the impact of underlying factors that explain rather than describe the financial decision-making behaviour of women, and how financial decision-making and economic outcomes for women might be improved.