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PhD Defense Ms. L. Shu, MSc

Title: Essays on Retirement Income Provision
Supervisors: Prof. A.M.B. De Waegenaere, Prof. B. Melenberg


This dissertation examines three topics out of the broad range of old-age supporting. In the first paper, Lei Shu analyzes the sustainability of a new regulatory framework, the nFTK, for the Dutch pension funds. Based on a simulation study, Shu explores to what extent the pension fund can provide full indexation under the nFTK, and whether the full indexation is fulfilled without overfunding.

In the second paper, Shu investigates the model risk in the pricing of the reverse mortgage products using two different models for the house price process, i.e., the Geometric Brownian Motion model and the Vector Auto-Regression model. The models are calibrated using prices of regular mortgages and the corresponding price ranges are determined for reverse mortgages.

In the third paper, using a two-wave nationwide survey data from CHARLS, Shu investigates the impact of a newly introduced rural pension system, the New Rural Social Pension Insurance program (NRSPI), on the retirement and old-age labor supply pattern in China.

Location: Cobbenhagen building, Auditorium (access via Koopmans building)

Order the PhD thesis

When: 30 January 2017 14:00

Where: Route description Tilburg University campus