Seminar on Aging, Retirement andPensions: Trends, Challenges and Policy

March 27-29, 2018

Leonardo Hotel Ashkelon

Tuesday, March 27

9:30-10:00Registration and opening session

10:00-12:00Session 1: Financial literacy (Chair: Niku Maattanen)

David Leiser (Ben Gurion University), "What Lay People Know about Pensions? Could it be Fixed with Financial Education?" [abstract] [presentation]

Uzi Segal (Boston College), "Are All 'Mistakes' Irrational?"[abstract] [presentation]

Daniel Gottlieb (National Insurance Institute and Hebrew University), "Life Expectancy and Retirement Age: Facts and Policy Considerations" [abstract] [presentation]

12:00-13:00Student session (Chair: Ayal Kimhi)

Shlomit Ortasse-Spiegel (The Hebrew University), "The Intersection Between Gender and Aging" [abstract] [presentation]

Isaac Berthaus (The Hebrew University),"Life Expectancy Impact on Pension Systems" [abstract] [presentation]

13:00-14:00Lunch

14:00-16:00 Session 2: Social security and retirement (Chair: Avia Spivak)

Laurence J. Kotlikoff (Boston University), "U.S. Tax Reform and the Labor Supply Incentives of the Elderly" [abstract] [presentation]

Rob Alessie(University of Groningen and Netspar), "Wealth at the End of Life: Evidence on Estate Planning and Bequests" [abstract] [presentation]

Itay Saporta (Tel Aviv University), Ity Shurtz(Hebrew University) and Sarit Weisburd (Tel Aviv University), "Social Security, Labor Supply andHealth of OlderWorkers: Quasi-Experimental Evidence from a Large Reform" [abstract] [presentation]

16:00-16:30Coffee break

16:30-17:50Session 3: Pension reforms(Chair: Peter Haan)

Avia Spivak (Ben Gurion University and Van Leer Jerusalem Institute), "A Meta-Analysis of Pension Reforms in Israel and the World" [abstract] [presentation]

Adi Brender (Bank of Israel), "Social and Labor Market Effects of the Mandatory Pension Arrangement in Israel: Are People Smarter than We Give Them Credit for?" [abstract] [presentation]

18:15-20:00Dinner (invited speakers only)

Seminar on Aging, Retirement and Pensions: Trends, Challenges and Policy

March 27-29, 2018

Leonardo Hotel Ashkelon

Wednesday, March 28

9:00-11:00Session 4: Pensions and distribution (Chair: Shirlee Lichtman-Sadot)

Niku Maattanen (ETLA - The Research Institute of the Finnish Economy), "Pension Reforms and Inequality in a Nordic Welfare State" [abstract] [presentation]

Carsten Schröder (Free University Berlin and DIW), "Distributional effects of subsidizing retirement savings accounts: Evidence from Germany" [abstract] [presentation]

11:00-11:30Coffee break

11:30-12:50Student session (Chair: David Leiser)

Eyal Carmel (Ben Gurion University), "How to Reduce Money Leakage During Workplace Replacement?" [abstract] [presentation]

HernanRosenblum (Ben Gurion University), "Naïve Perceptions about Pensions" [abstract] [presentation]

Abigail Hurwitz (The Hebrew University and College of Management), "An Investigation of Time Preferences, Life Expectancy, and Annuity Choices" [abstract] [presentation]

12:50-13:50Lunch

13:50-15:10Session 6: Pension funds1 (Chair: Rob Alessie)

Moshe Gerstenhaber, Shlomo Maital and Tsipy Buchnik (Technion - Israel Institute of Technology), "A Radical Solution to Pension Funding"[abstract] [presentation]

Ofer Setty (Tel Aviv University), "On the Asset Allocation of a Default Pension Fund" [abstract] [presentation]

16:00-18:30Social event

Tour of Beta Israel Village in Kiryat Gat - a communal-social agriculture project for Ethiopian elders(

19:00-21:00Dinner (invited speakers only)

The Hebrew University of Jerusalem

Seminar on Aging, Retirement and Pensions: Trends, Challenges and Policy

March 27-29, 2018

Leonardo Hotel Ashkelon

Thursday, March 29

9:00-11:00Session 5: Family and gender issues (Chair: Carsten Schröder)

Lilach Lurie (Tel Aviv University), "Retirement and Pension Systems: A Gender Perspective" [abstract] [presentation]

Shirlee Lichtman-Sadot (Ben-Gurion University of the Negev) and Edith Sand (Bank of Israel), "Safety Nets, Intrahousehold Bargaining and Economic Empowerment: Israel's Mandatory Pension Reform and Divorce Rates" [abstract] [presentation]

Ayal Kimhi (The Hebrew University and Shoresh Institution) and Reut Avioz (The Hebrew University), "The Labor Supply Impact of Raising the Retirement Age: Gender and Family Perspectives" [abstract] [presentation]

11:00-11:30Coffee break

11:30-12:50Session 7: Pension funds2 (Chair: Lilach Lurie)

Abigail Hurwitz, Orly Sade and Eyal Winter (The Hebrew University), “Anchoring Bias in Annuity Choices: An Experimental Investigation" [abstract] [presentation]

Eytan Sheshinski (The Hebrew University and The Israel Democracy Institution) and Ido Kallir (Ono Academic College), "Who is Subsidized? Allotment of Earmarked Bonds in Pension Funds" [abstract] [presentation]

12:50-13:50Lunch

13:50-15:50Roundtable: Pension policy in Israel (Moderator: Orly Sade)

Ayal Kimhi (The Hebrew University and Shoresh Institution)

Avia Spivak (Ben Gurion University and Van Leer Jerusalem Institute)

Adi Brender (Bank of Israel)

Daniel Gottlieb (National Insurance Institute and Hebrew University)

15:50-16:20Seminar conclusion

The Hebrew University of Jerusalem

List of participants

First Name / Last Name / Institution
Lea / Achdut / Ruppin Academic Center
Rob / Alessie / University of Groningen and Netspar
Sara / Amati / Hebrew University and Bank of Israel
Idan / Avramov / Hebrew University of Jerusalem
kfir / Batz / Ministry of Finance, Chief Economist Department
Leora / Bechor / Bechor & Ben-Hillel Law Offices
Isaac / Berthaus / Hebrew University of Jerusalem
Haim / Bleikh / Taub Center
Adi / Brender / Bank of Israel
Eyal / Carmel / Ben Gurion University
Refaela / Cohen / National Insurance Institute
Nitzanit / Dembitz / JDC - Eshel
Miri / Endeweld / National Insurance Institute
Amichai / Fishler / Ministry of Finance, Chief Economist Department
Gideon / Gelshtein / JDC - Eshel
Moshe / Gerstenhaber / Samuel Neaman Institute, Technion
Daniel / Gottlieb / National Insurance Institute of Israel
Peter / Haan / Free University Berlin and DIW
Gabriela / Heilbrun / National Insurance Institute of Israel
Abigail / Hurwitz / Hebrew University and College of Management
Magnus / Jansson / University of Gothenburg
Ido Kallir / Kallir / Ono Academic College
Ayal / Kimhi / Hebrew University and Shoresh Institution
Lawrence / Kotlikoff / Boston University
Zeev / Kril / Ministry of Finance, Chief Economist Department
Eyal / Lahav / College of Management
David / Leiser / Ben Gurion University
Dor / Leventar / Hebrew University of Jerusalem
Vardit / Libov / JDC - Eshel
Shirlee / Lichtman-Sadot / Ben Gurion University
Lilach / Lurie / Tel Aviv University
Niku / Maattanen / ETLA ‐ The Research Institute of the Finnish Economy
Shlomo / Maital / Samuel Neaman Institute, Technion
Sarit / Menahem Carmi / Ben Gurion University
Eran / Mor / Hebrew University of Jerusalem
Shlomit / Ortasse-Spiegel / Hebrew University of Jerusalem
Smadar / Peled / Bar-Ilan University
Ofir / Pinto / National Insurance Institute of Israel
Tamar / Ramot-Nyska / Bank of Israel
Eitan / Revel / Hebrew University of Jerusalem
Hernan / Rosenblum / Ben Gurion University
Orly / Sade / Hebrew University of Jerusalem
Itay / Saporta / Tel Aviv University
Lavi / Schiffenbauer / College of Management
Carsten / Schröder / Free University Berlin and DIW
Uzi / Segal / Boston College
Ofer / Setty / Tel Aviv University
Michal / Shefer / Tel Aviv university
Erez / Shomron / Tel Aviv University
Ayelet / Shpaier / National Economic Council
Kyrill / Shraberman / Taub Center for Social Policy Research in Israel
Liat / Sikron / JDC- Eshel
Ira / Sobel / Tel Aviv University
Avia / Spivak / Ben Gurion University
Roy / Stein / Bank of Israel
Yael / Tabatchnik / Shoresh Institution for Socioeconomic Research
Aviad / Tur-Sinai / Yezreel Valley College
Hedva / Vinarski Peretz / Yezreel Valley College
Itamar / Yakir / Hebrew University of Jerusalem
Rachel / Zaken / Israel Democracy Institute
Amos / Zehavi / Tel Aviv University

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