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2012 O2 Prize

This year logo_o2_1_72dpi.jpgis funding a prize of 5,000 euros for the most outstanding journal article in the field of health, education, and welfare published in the e-journal.

We are proud to announce the winning contribution of the 2012 logo_o2_1_72dpi.jpgPrize:

Uncertain Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfare” by Neil Bruce and Stephen J. Turnovsky

Bruce and Turnovsky Image

In this paper the authors develop a tractable overlapping generations model based on the Blanchard finite horizon model. It provides a convenient framework to analyze the impact of social insurance policies on saving and consumption rates, the level of wealth and its distribution, both by workers and retirees, as well as the corresponding economy-wide aggregates. The model is also used to analyze welfare effects and to characterize optimal social insurance policies.

Neil Bruce is currently the Paul F. Glaser Professor of Economics at the University of Washington in Seattle. After completing his B.A. and M.A. in Canada, he earned his Ph.D. in Economics (1975) at the University of Chicago, where he studied Public Finance with Arnold C. Harberger. Bruce specializes in Public Finance, teaching courses to graduate and undergraduates, supervising numerous dissertations on the subject. He has published widely on taxation, public goods, social security and welfare in professional journals and books. In recent years, Bruce has collaborated with Professor Stephen J. Turnovsky in constructing computational demographic models of economic growth.

Stephen J. Turnovsky received his Ph.D. from Harvard University in 1968 and currently holds the Van Voorhis Professorship of Economics at the University of Washington. His main area of research is in the general area of macroeconomic dynamics and growth. Within this area his interests are quite far-ranging, with particular interests in fiscal policy issues and optimal policy, and extending to both closed economies and open economies. He is the author of several books, as well as having edited several volumes and written many journal articles.

Criteria for the prize were as follows:  

  • Scientific quality of the paper
  • Use of innovative approaches and methods
  • Innovative solutions to relevant problems in the field of health, education, and welfare

Nominated journal articles were ranked by a jury of highly qualified researchers.

Members of the jury were:

  • Kate Bundorf, Associate Professor, Health Research & Policy - Health Services Research, Stanford University,
  • Colm Harmon, Professor of Economics at the University College Dublin (UCD) and Director of the UCD Geary Institute
  • Stefan Klasen, Professor of Economics at the University of Göttingen
  • Dennis Snower, President of the Kiel Institute for the World Economy



Maria Lissowska
Welfare against Growth Gains in Post-Transition Countries. What are the Consequences for Stability?
March 18, 2014 | JEL: I38, J48, P51
Maksym Ivanyna and Anwar Shah
How Close Is Your Government to Its People? Worldwide Indicators on Localization and Decentralization
January 17, 2014 | JEL: H10, H11, H83, I31, O10
Rami Ben Haj Kacem
Monetary versus Non-Monetary Pro-Poor Growth: Evidence from Rural Ethiopia between 2004 and 2009
June 07, 2013 | JEL: D30, I30, O12
Joseph Deutsch, Alessio Fusco, and Jacques Silber
The BIP Trilogy (Bipolarization, Inequality and Polarization): One Saga but Three Different Stories
May 23, 2013 | JEL: I31, D63, D31
Rosa María García-Fernández, Daniel Gottlieb, and Federico Palacios-González
Polarization, Growth and Social Policy in the Case of Israel, 1997–2008
April 16, 2013 | JEL: H54, I21, I3, J1, O15, O53
Gordon Anderson
Boats and Tides and "Trickle Down" Theories: What Economists Presume about Wellbeing When They Employ Stochastic Process Theory in Modeling Behavior
November 19, 2012 | JEL: C22, D63, D91, I32, O47
Carsten Schröder and Timm Bönke
Country Inequality Rankings and Conversion Schemes
July 17, 2012 | JEL: D31, D63, I32
Subbu Subramanian
The Focus Axiom and Poverty: On the Co-existence of Precise Language and Ambiguous Meaning in Economic Measurement
March 26, 2012 | JEL: B40, D31, D63, I32, O15
Sami Bibi, Jean-Yves Duclos, and Audrey Verdier-Chouchane
Assessing Absolute and Relative Pro-Poor Growth, with an Application to Selected African Countries
March 23, 2012 | JEL: D63, I32
John Beath, Joanna Poyago-Theotoky, and David Ulph
University Funding Systems: Impact on Research and Teaching
January 12, 2012 | JEL: I21, I22, I23
Eduardo de Carvalho Andrade and Luciano I. de Castro
Tougher Educational Exam Leading to Worse Selection
October 19, 2011 | JEL: I2, J24
Joseph Deutsch and Jacques Silber
On Various Ways of Measuring Pro-Poor Growth
September 09, 2011 | JEL: I32, O15
Tinh Doan and Philip Stevens
Labour Market Returns to Higher Education in Vietnam
September 02, 2011 | JEL: C31, J31, O15
Gordon Anderson
Polarization Measurement and Inference in Many Dimensions When Subgroups Can Not Be Identified
August 29, 2011 | JEL: C14, C30, I32
Hélène Blake and Marc Sangnier
Senior Activity Rate, Retirement Incentives, and Labor Relations
June 30, 2011 | JEL: J14, J26, Z10
Muhammad Jami Husain
Contribution of Health to Economic Development: A Survey and Overview
April 28, 2010 | JEL: I10, J11, O40
Daniel Gottlieb and Leonid Kushnir
Social Policy Targeting and Binary Information Transfer between Surveys
June 23, 2009 | JEL: C15, D63, I38, Z12
Michael C. Lovell
Social Security’s Five OASI Inflation Indexing Problems
February 24, 2009 | JEL: H55
Harald Tauchmann
West-East Convergence in the Prevalence of Cannabis Use: Socioeconomics or Culture?
September 29, 2008 | JEL: I12, P23, P36
Ekkehart Schlicht
Wage Dispersion, Over-Qualification, and Reder Competition
November 13, 2007 | JEL: D43, J31, J63
Neil Bruce and Stephen J. Turnovsky
Uncertain Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfare
May 14, 2007 | JEL: D91, E10, J20