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Cormac O'Dea

Cormac O'Dea

International Research Fellow


PhD Economics, University College London, 2016

MPhil Economics (Distinction), University of Cambridge, 2007

BA Economics (1st Class), Trinity College Dublin, 2006

Cormac O'Dea is an Assistant Professor at the Yale University Economics Department. Cormac is also an International Research Fellow of the IFS. He previously worked at the IFS from 2007 to 2017, and was an Associate Director from 2016 to 2017.

Academic outputs

IFS Working Paper W21/07
Using data covering a single cohort’s first 55 years of life, we show that most of the intergenerational elasticity of earnings (IGE) is explained by differences in: years of schooling, cognitive skills, investments of parental time and school quality, and family circumstances during childhood.
IFS Working Paper W19/02
The “annuity puzzle” refers to the fact that annuities are rarely purchased despite the longevity insurance they provide. Most explanations for this puzzle assume that indi-viduals have accurate expectations about their future survival. We provide evidence that individuals misperceive their ...

Reports and comment

External publication
This paper provides a comprehensive comparison of the financial incentive to work in Ireland and the UK. It uses closely harmonised tax and benefit microsimulation models for both countries, based on household survey data, to provide an accurate and representative picture of the financial ...
A special issue of Fiscal Studies launched today shows how wealth is concentrated among a small number of households, and is much more concentrated than incomes. Younger generations are on course to have less wealth at each point in life than earlier generations and inheritances do little to even ...


We document evidence on individual expectations of survival to older age and implications of survival "pessimism" for economic behaviour.
This presentation was delivered at the launch event 'Evolution of wealth and attitudes towards saving' on 19 November 2015.