Dr María del Carmen Boado-Penas

Title: Lecturer
Phone: +44 (0)1782 733110
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Location: Darwin 1.66
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I hold a Ph.D. in Economics (Doctor Europeus) from the University of Valencia (Spain) and a degree in Actuarial Sciences from the University of the Basque Country in Spain. I have published some articles on public pension systems in prestigious international reviews and have cooperated on various projects related to pension systems at the Swedish Social Insurance Agency in Stockholm and at the Spanish Ministry of Labour and Immigration. I joined the staff at Keele in September 2009.

Download María del Carmen Boado-Penas CV .

My research interests are focused on notional defined contributions accounts, actuarial balance and automatic balance mechanisms for the pay-as-you-go pension finance.

  • Vidal-Meliá, C., M.C. Boado-Penas and O. Settergren (2010): “Instruments for improving the equity, transparency and solvency of pay-as-you-go pension systems: NDCs, ABs and ABMs.” Chapter 18 in M. Micocci, G. N. Gregoriou and G. B. Masala, eds., Pension Fund Risk Management. Financial and Actuarial Modelling. Chapman and Hall.
  • Vidal-Meliá, C., M.C. Boado-Penas and O. Settergren (2009): “Automatic Balance Mechanisms in Pay-As-You-Go Pension Systems”. The Geneva Papers on Risk and Insurance: Issues and Practice. 33, 287-317.
  • Boado-Penas M.C., S. Valdés-Prieto and C. Vidal-Meliá (2008): “An Actuarial Balance Sheet for Pay-As-You-go Finance: Solvency Indicators for Spain and Sweden”. Fiscal Studies, 29, 89-134.
  • Boado-Penas , M.C., I. Domínguez-Fabián and C. Vidal-Meliá (2007): “ Notional Defined Contribution Accounts (NDCs): Solvency And Risk, Application To The Case Of Spain ”. International Social Security Review (Translations into German, English and Spanish), 60, 105-127.

Current working papers

  • Boado-Penas , C, I. J. Sakamoto and C. Vidal-Meliá: “Models of the Actuarial Balance of the Pay-As-You-Go Pension System. A Review and some Policy Recommendations”. 

Selected Publications

  • BOADO-PENAS M, Vidal-Melia C, Settergren O. 2010. Improving the equity, transparency and solvency of Pay-as-You-go pension systems: NDCs, ABS and ABMs. In Pension Fund Risk Management. Micocci M, Malasai G, Gregoriou GN (Eds.). Chapman & Hall. doi>
  • BOADO-PENAS M, Vidal-Melia C, Settergren O. 2009. Automatic Balance Mechanisms in Pay-As-You-Go Pension Systems. The Geneva Papers of Risk and Insurance: Issues and Practice, vol. 34(2), 287-317. doi>
  • BOADO-PENAS M, Valdes-Prieto S, Vidal-Melia C. 2008. The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden. Fiscal Studies, vol. 29(1), 89-134. doi>
  • BOADO-PENAS M, Valdes-Prieto S, Vidal-Melia C. 2008. The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden. CESifo, vol. 2182, 1-29.
  • Boado-Penas M and Vidal-Melía C. Compiling the actuarial balance for pay-as-you-go pension systems. Is it better to use the hidden asset or the contribution asset?. Applied Economics, vol. 45(10). doi>

Full Publications List show

Journal Articles

  • BOADO-PENAS M, Vidal-Melia C, Settergren O. 2009. Automatic Balance Mechanisms in Pay-As-You-Go Pension Systems. The Geneva Papers of Risk and Insurance: Issues and Practice, vol. 34(2), 287-317. doi>
  • BOADO-PENAS M, Valdes-Prieto S, Vidal-Melia C. 2008. The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden. Fiscal Studies, vol. 29(1), 89-134. doi>
  • BOADO-PENAS M, Valdes-Prieto S, Vidal-Melia C. 2008. The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden. CESifo, vol. 2182, 1-29.
  • Boado-Penas M and Vidal-Melía C. Compiling the actuarial balance for pay-as-you-go pension systems. Is it better to use the hidden asset or the contribution asset?. Applied Economics, vol. 45(10). doi>
  • Boado-Penas M, Settergren O, Vidal-Melia C. The actuarial balance of the pay-as-you-go pension system: «US» model versus «Swedish» model: Possible application in the case of Spain. REVISTA ESPAÑOLA DE FINANCIACIÓN Y CONTABILIDAD, vol. 40(149), 97-123.

Chapters

  • BOADO-PENAS M, Vidal-Melia C, Settergren O. 2010. Improving the equity, transparency and solvency of Pay-as-You-go pension systems: NDCs, ABS and ABMs. In Pension Fund Risk Management. Micocci M, Malasai G, Gregoriou GN (Eds.). Chapman & Hall. doi>
  • ECO-10022 Strategic Thinking (Semester 1)
  • ECO-10018 Fundamentals of Actuarial Science (Semester 2)

Research Grants:

  • 2009-2012: “Empirical finance and interest rates”. The Spanish Ministry for Science and Innovation . Participating Institutions: University of Valencia (Spain), University of Castilla-La Mancha (Spain), University of Alicante (Spain) and University CEU-San Pablo (Spain).
  • 2007: “The Actuarial Balance as a Solvency Indicator of the Pay-as-You-Go Pension Systems. Application to the case of Spain”. IVIE (Valencia Economic Research Institute) and Swedish Social Insurance Agency . Participating Institutions: University of Valencia (Spain) and University of the Basque Country (Spain).
  • 2006-2007: “Improving the Equity and Solvency of Pay-As-You-Go Pension Systems: Notional Defined Contribution Accounts (NDCs)”. Spanish Ministry of Labour and Social Affairs. Participating Institutions: University of Valencia, University of Extremadura (Spain) and Catholic University of Chile.

Collaborators:

  • Carlos Vidal Meliá (University of Valencia), Ole Settergren (Swedish Ministry of Health and Social Affairs), Junichi Sakamoto (Nomura Research Institute), Salvador Valdés-Prieto (Catholic University of Chile).