Workshop on

"Intergenerational risk sharing and contracts”

 

Fiesole, September 12-14, 2002

 

Organizers:

Graziella Bertocchi (Universita’ di Modena e Reggio Emilia)

Piero Gottardi (Universita’ di Venezia)

Pietro Reichlin (Universita’ di Roma-La Sapienza)

 

Sponsor:  

Ministero per l‘Universita’ e la Ricerca Scientifica, Grant N. MM13262288

 

Programme

 

 

Thursday September 12

 

Morning Session

 

Chair:                     Graziella Bertocchi (Universita’ di Modena e Reggio Emilia)                                           

 

09.30 – 10.45         Heracles  Polemarchakis (Brown University)

                              “Intertemporal Optimality under Uncertainty”

 

10.45 – 11.15         Coffee

 

11.15 – 12.30         Paola Profeta (Università Bocconi and Università di Pavia)

                              "What Social Security: Beverdigean or Bismarckian?"

                             Joint with J.Ignacio Conde Ruiz (Universitat Pompeu Fabra and FEDEA)

                            

13.00 – 14.00         Lunch

 

Afternoon Session

 

Chair:                     Piero Gottardi (Universita’ di  Venezia)

 

15.00 – 16.15         Martin Barbie (University of Bonn)

                              "Government Debt as Insurance against Macroeconomic Risk"

Joint with Ashol Kaul (IZA)

 

16.15 – 16.45         Coffee

 

16.45 – 18.00         Dirk Krueger and Felix Kubler (Stanford University)

                              "Intergenerational Risk Sharing when Financial Markets are     

                                Incomplete"

 

Friday September 13

 

Morning Session

 

Chair:                      Pietro Reichlin (Universita’ di Roma - La Sapienza)                                                                                      

 

09.30 – 10.45         Michele Boldrin (University of Minnesota)

                               "Mortality, Fertility and Saving in a Malthusian Economy"

                               Joint with Larry Jones (University of Minnesota)

 

10.45 – 11.15          Coffee

 

11.15 – 12.30         Øystein Thøgersen (Norwegian School of Economics and Business

                               Administration)

                               "Designing Social Security. A Portfolio Choice Approach"

                               Joint with Egil Matsen (Norwegian University of Science and

                               Technology)

 

13.00 – 14.00           Lunch

 

Afternoon Session

 

Chair:                     Tito Pietra (Universita’ di  Pescara)

 

15.00 – 16.15         Henning Bohn (University of California, Santa Barbara)                

                              "Efficient Risk Sharing in a Stochastic Overlapping Generations Economy"

 

16.15 – 16.45         Coffee

 

16.45 – 18.00         Kjetil Storesletten (IIES and Stockholm University)

                              "The dynamics of government"

                              Joint with John Hassler (IIES and Stockholm University), Per Krusell (Stockholm University and University of Rochester) and Fabrizio Zilibotti (IIES and  Stockholm University)

                             

 20.00              Conference Dinner

 

 

Saturday September 14

 

Morning Session

 

Chair:                     Guy Laroque (CREST-INSEE)

 

09.30 – 10.45         Alessandro Cigno (Universita' di Firenze)

                              "The political economy of intergenerational cooperation"

 

10.45 – 11.15         Coffee

 

11.15 – 12.30         Ashol Kaul (IZA)

                              "Fostering Within-Family Human Capital Investment: An

                              Intragenerational Insurance Perspective of Social Security"

                              Joint with Martin Barbie (University of Bonn) and Marcus Hagedorn         

                                   (IZA) 

 

13.00 – 14.00          Lunch

 

Afternoon Session

 

Chair:                      Heracles Polemarchakis (Brown University)                                                                                      

 

15.00 – 16.15          J.Ignacio Conde Ruiz (Universitat Pompeu Fabra and FEDEA)

"Designing an Intergenerational Welfare State when Fertilty is Endogenous”                                       Joint with Eduardo L. Gimenez (Universidade de Vigo) and Miguel     

                               Perez-Nievas (Universidade de Santiago)

 

16.15 – 16.45          Coffee

 

16.45 – 18.00          Graziella Bertocchi (Universita’ di Modena e Reggio Emilia)

                                     "The Law of Primogeniture and the Transition from Landed Aristocracy

                                to Industrial Democracy"

 

      18.00                Adjourn

 

 


LIST OF PARTICIPANTS

 

Martin Barbie (University of Bonn) martin.barbie@wiwi.uni-bonn.de

 

Alberto Bennardo (University of California, Los Angeles)  abennardo@econ.ucla.edu

 

Graziella Bertocchi (Universita’ di Modena e Reggio Emilia) bertocchi@unimo.it

 

Gaetano Bloise (Universita’ di Roma - La Sapienza) gaetano.bloise@uniroma1.it

 

Henning Bohn (University of California, Santa Barbara) bohn@econ.ucsb.edu

 

Michele Boldrin (University of Minnesota) mboldrin@atlas.socsci.umn.edu

 

Subir Chattopadhyay (Universidad de Alicante) subir@merlin.fae.ua.es

 

Alessandro Cigno (Universita' di Firenze) cigno@studistato.unifi.it

 

J.Ignacio Conde-Ruiz (U. Pompeu Fabra and FEDEA) ignacio.conde-ruiz@econ.upf.es

 

Sergio Currarini (Universita' di Venezia e Ente Einaudi) currarin@unive.it

 

Piero Gottardi (Universita’ di  Venezia) gottardi@unive.it

 

Ashok Kaul (IZA) kaul@iza.org

 

Dirk Krueger (Stanford University) dkrueger@Stanford.EDU

 

Felix Kubler (Stanford University) fkubler@Stanford.EDU

 

Guy Laroque (CREST-INSEE) guy.laroque@ensae.fr

 

Herakles Polemarchakis (Brown University) herakles_polemarchakis@brown.edu

 

Paola Profeta (Università Bocconi and Università di Pavia) paola.profeta@uni-bocconi.it

 

Tito Pietra (Universita’ di Pescara)  t.pietra@unich.it

 

Pietro Reichlin (Universita’ di Roma - La Sapienza) reichlin@caspur.it

 

Kjetil Storesletten (IIES and Stockholm University) kjetil@iies.su.se

 

Øystein Thøgersen (Norwegian School of Economics) oystein.thogersen@nhh.no

 

 

 

 

 

 

 

 

 

MISCELLANEOUS GUIDELINES

 

The conference venue is the Centro Studi CISL, Via della Piazzolla 71, 50133 Firenze, telephone 39 055 5032111, fax 39 055 578057, which is located in the outskirts of Florence, on the hills near Fiesole.

 

Please check the following web pages for information on how to reach it:

 

www.cisl.it/cstudi
http://www.dsi.unifi.it/fmoods/cscisl.html

 

From the Florence airport, there is public transportation to the Santa Maria Novella station. From there take the bus N. 7,  which runs every 20 minutes until late at night (see the above websites for the exact schedules and a detailed map). Alternatively, from the Florence airport you can take a taxi and pay approximately E. 25. Unfortunately however we shall not be able to reimburse the taxi fare. 

 

Accommodation, coffee breaks and lunches will be provided at the Centro Study CISL. A conference dinner in the village of Fiesole is planned for Friday September 13.

 

Copies of the papers will be made available on the following webpage: http://www.economia.unimore.it/Bertocchi_Graziella/fiesole/fiesole.html