PRINCIPAL INVESTIGATOR
Elsa Fornero, Mariacristina Rossi
CO-INVESTIGATORS
Elsa Fornero, Maria Cristina Rossi, Giovanna Nicodano, Riccardo Calcagno, Flavia Coda Moscarola, Maela Giofrè, Matteo Migheli, Costanza Torricelli, Serena Trucchi, Cesira Urzì Brancati
DURATION
2013-2017
ABSTRACT
MOPACT is a four year project funded by the European Commission under the Seventh Framework Programme to provide the research and practical evidence upon which Europe can begin to make longevity an asset for social and economic development.
To achieve this aim MOPACT concentrates the highest possible quality of scientific analyses into the development of innovative policies and approaches that can assist public authorities and other key actors, at all levels in Europe. MOPACT starts from the conviction that Europe requires a new paradigm of ageing if it is to respond successfully to the challenges of demographic change.
The specific objectives of the project are:
- To conduct the most comprehensive review to date of the social and economic challenges of ageing.
- To collect and analyse social innovations and policy initiatives.
- To map the steps required to realise active ageing in Europe and to propose innovative ways of doing so.
- To involve key end users and stakeholders, such as policy makers, practitioners, product producers, designers and older people in all project activities.
- To undertake the wide and effective knowledge transfer and dissemination of the work of MOPACT.
CeRP research explores how pension plans can best communicate and frame risk and project pension benefits and replacement rates so as to help individuals make good saving, investment and insurance decisions. This research can help policy makers in designing reporting standards for pension funds and individual pension plans. The centre will compare current practices in the Netherlands and Italy and investigate how they can be improved. The plan is to work with focus groups and conduct both field and laboratory experiments also exploring how information provision and financial literacy may affect saving, investment and insurance decisions, and whether we can enhance financial literacy and affect behaviours in a cost effective way. To accomplish this, CeRP will develop microeconometric models in which financial literacy, consumption and wealth are jointly determined; moreover it will plan to test these models using comparative European data from the Survey of Health, Aging, Retirement in Europa (SHARE).