Dear all, The next seminar in our series of statistics talks for people interested in quantitative methods in biology and medicine will take place on Thursday 6 October 2016 at 11h00, in the Salle Delachaux (Biopôle 2, first floor, Route de la Corniche 10, 1010 Lausanne, M2: Vennes). The speaker will be Prof. Rafael Lalive from the University of Lausanne (HEC) Title: How do Pension Wealth Shocks affect Working and Claiming? Abstract: We study how people respond to pension wealth shocks in Switzerland, where working while claiming a pension is not discouraged. A 1997 reform increased women's full retirement age (FRA) by two years, from 62 to 64, lowering pension wealth by 10.4%, and the reform introduced early claiming, at age 62, reducing pensions by 3.4%, then by 6.8%, the actuarially fair rate. We find that women delay pension claiming by about 7 to 8 months, and delay labor market exit by 5 to 6 months. Doubling the price of early retirement delays pension claiming by 4 to 5 months and has no effects on labor market exit. Women buffer about 35% of the wealth shock triggered by an FRA increase, mostly through working longer, and 100% of the wealth shock due to doubling the early retirement price. Most women either delay both, labor market exit and benefit claiming, or none of the two, suggesting that costs to delay claiming and labor market exit are positively correlated. This is a joint work with Stefan Staubli (University of Calgary) Hope to see you there! Valentin (for the organizers: Jérôme Goudet, Valentin Rousson, Frédéric Schütz) CHUV centre hospitalier universitaire vaudois Valentin ROUSSON - Professeur mathematicien/statisticien Département universitaire de medecine et santé communautaires (DUMSC) Médecine sociale et préventive (IUMSP) Biostatistique et méthodes quantitatives +41 (0)21 314 73 28 TEL Valentin.Rousson@chuv.chmailto:Valentin.Rousson@chuv.ch www.chuv.chhttp://www.chuv.ch/