Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare

The aim of this subproject was to integrate insights from all subprojects into a larger general equilibrium model. We were not able to finalize this in time due to several restrictions. Due to a heterogeneity in the modelling of the subproject it is cumbersome to integrate the existing models as they are into a larger framework. More coordination and possibly transfer to a different modelling approach is necessary. As a result we could not start working on this project seriously.