Pierre-Carl Michaud

HEC Montréal, Canada, NBER, USA, and IZA, Germany

IZA World of Labor role


Current position

Professor of Economics, HEC Montréal, Canada; Adjunct Economist, RAND Corporation, USA

Research interest

Health economics, economics of insurance and savings, economic challenges of demographic change

Positions/functions as a policy advisor

Associate Economist/Economist, RAND Corporation, 2005–2009

Past positions

Assistant/Associate Professor of Economics, Université du Québec à Montreal, 2010–2016


PhD Economics, Tilburg University, 2005

Selected publications

  • "Financial literacy and retirement planning in Canada." Journal of Pension Economics and Finance 16:3 (2017): 277–296 (with D. Boisclair and A. Lusardi).

  • "Optimal financial knowledge and wealth inequality." Journal of Political Economy 125:2 (2017): 431–477 (with A. Lusardi and O. S. Mitchell).

  • "Disease incidence and mortality among older Americans and Europeans." Demography 52:2 (2015): 593–611 (with A. Solé-Auró, M. Hurd, and E. Crimmins).

  • "Separating moral hazard from adverse selection and learning in automobile insurance: Longitudinal evidence from France." Journal of the European Economic Association 11:4 (2013): 897–917 (with G. Dionne and M. Dahchour).

  • "The value of medical and pharmaceutical interventions for reducing obesity." Journal of Health Economics 31:4 (2012): 630–643 (with D. Goldman, D. Lakdawalla, Y. Zheng, and A. H. Gailey).