Project description
“Individuals and households are increasingly confronted with the self-management of risks. Over the years, the share of flexible jobs in the Netherlands has gradually increased. Retirement benefits are also under pressure. The aging of the population and the increased life-expectancy affect the financial sustainability of the pension system. Moreover, the financial crisis has shown that the Dutch pension system is vulnerable to shocks in stock prices and interest rates. A number of research questions concerning uncertainty and wealth should thus be answered, some of these questions are for instance:

How much income/consumption uncertainty do  households experience over the life
cycle? To what extent is income uncertainty attenuated by the family? To what extent and when do divorces take place during the life cycle? What are the consequences for income, wealth and pensions?
Are people saving enough? Who are saving too little? And who are saving too much according to the life cycle model? What are the risks of high indebtedness around retirement? And to what extent do households self-insure against these risks?

In this project, we use new administrative data and combine them to create an unprecedented data infrastructure. We look at the household labor market and financial position, also by examining the risk of incomplete debt amortization (around retirement) and the resilience of households to financial stress. We will pay special attention to the self-employed and other households with limited pension wealth.
To achieve this, we construct and estimate a micro simulation model that includes labor supply choices, but also housing and indebtedness choices of households. We also estimate reduced form models based on policy reforms. This project is thus also policy relevant and its’ results will directly be used to improve policy advise.”
 
Requirements
The PhD candidate:
•holds a master in economics/econometrics or related subject with outstanding track,
•holds preferably a MPhil title in an economics/econometrics post-graduate master program,
•has a – preferably proven – research interest in the topic of the project, for example in the Master thesis
•has an excellent written and spoken command of English

About the appointment 
The initial appointment starts before September 2017 and will be for a period of 1 year. After satisfactory evaluation of the initial appointment, this will be extended for a total duration 3 years. You may find information about our excellent fringe benefits at www.workingatvu.nl:
• Remuneration of 8,3% end-of-year bonus and 8% holiday allowance;
• Participation in a solid pension scheme (ABP);
• A minimum of 29 holidays in case of full-time employment;
• A generous commuting allowance (65%) based on public transport.

Salary
The salary will be in accordance with university regulations for academic personnel, and amounts € 2.191,– gross per month during the first year and increases to € 2.801,– gross per month during the third year, based on a full-time employment.

Information
For additional information about the positions, please contact dr. M. Mastrogiacomo at m.mastrogiacomo@vu.nl.

Application
To apply for this PhD position please submit the following documents by email before January 5 2017: a motivation letter, your CV, a scan of your Bachelor and Master certificates including grade lists, and – if available – an English written thesis or research paper.
If you have not completed your program/degree at the time of application, please provide a statement from your supervisor confirming the expected date of completion of your degree. Please send all your documents in PDF or doc(x) format. Only complete applications will be considered

Applications can be addressed to: Faculty of Economics and Business Administration; attn. Ms. M. Maletic, Managing Director. Email: vacature.feweb@vu.nl. Please do not forget to mention the vacancy number in the email header.

Any other correspondence in response to this advertisement will not be dealt with.