Publications

  • 2020

    Automatic Balancing Mechanisms for Pay-As-You-Go Pension Finance: Do They Actually Work?

    Boado-Penas, M.C., Godínez-Olivares, H. & Haberman, S. — In Economic Challenges of Pension Systems, Springer. Read

  • 2019

    Automatic Balancing Mechanisms for Mixed Pension Systems under different Investment Strategies

    Boado-Penas, M.C., Godínez-Olivares, H., Haberman, S. & Serrano, P. — The European Journal of Finance, vol. 26, 2-3. Read

  • 2017

    Determining Discount Rates Required to Fund DB Plans

    Turner, J., Godínez-Olivares, H., McCarthy, D.D. & Boado-Penas, M.C. — Society of Actuaries. Read

  • 2017

    An Alternative Pension Reform for Spain based on Optimisation Techniques

    Boado-Penas, M.C. & Godínez-Olivares, H. — Anales del Instituto de Actuarios Españoles, 21, 107-134. Read

  • 2016

    Optimal strategies for Pay-as-you-go pension finance: A sustainability framework

    Godínez-Olivares, H., Boado-Penas, M.C. & Haberman, S. — Insurance: Mathematics and Economics, 69, 117-126. Read

  • 2016

    Longevity Risk in Notional Defined Contribution Pension Schemes: a Solution

    Arnold (-Gaille), S., Boado-Penas, M.C. & Godínez-Olivares, H. — The Geneva Papers on Risk and Insurance Issues and Practice on Longevity Risks, 41(1), 24-52. Read

  • 2016

    How to finance pensions: Optimal strategies for pay-as-you-go pension systems

    Godínez-Olivares, H., Boado-Penas, M.C. & Pantelous, A.A. — The Journal of Forecasting, 35(1), 13-33. Read

  • 2014

    Optimal strategies for long-term sustainability in PAYG pension systems using control theory in a dynamic nonlinear framework

    Godínez-Olivares, H., Boado-Penas, C. & Pantelous, A.A. — ICVRAM 2014 & ISUMA 2014 Proceedings, 1214-1223. Read

Submitted

  • Is China's one-child policy sensible? Consequences for the sustainability of the pay-as-you-go pension system

    with M.C. Boado-Penas, S. Haberman and J. Xu

Work in progress

  • Linking pensions to life expectancy

    A solution to guarantee long-term sustainability? · with M.C. Boado-Penas and S. Haberman

  • Defined benefit vs defined contribution pension plans

    A case study of a company in an emerging market · with A. Currie

  • ML-based investment strategies and pension sustainability

    How investment strategies based on machine-learning algorithms influence the sustainability of a system.

  • Governance and investment of public reserve funds

    In the era of Big Data.

Research interests

Risk management Pension systems Time series ML & big data Financial modelling Cryptofinance