David Blake

Professor
PhD in Financial Economics; London School of Economics; 1986; MSc(Econ) in Monetary Economics; London School of Economics; 1978; BSc(Econ) in Economics; London School of Economics; 1975
Faculty of Finance
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Publications

2014

Blake D., Dowd, K. , Blake, D. , Coughlan, G.D. (2014), 'Longevity Hedge Effectiveness : A Decomposition', Quantitative Finance, 14(2), p.217-235 ; [Peer Reviewed]

Hunt, A., Blake, D. (2014), 'A General Procedure for Constructing Mortality Models', North American Actuarial Journal, 18(1), p.116-138; [Peer Reviewed]

Blake, D., Wright, D. , Zhang, Y. (2014), 'Age-Dependent Investing : Optimal Funding and Investment Strategies in Defined Contribution Pension Plans when Members are Rational Life Cycle Financial Planners', Journal of Economic Dynamics & Control, 38, p.105-124; [Peer Reviewed]

Blake D, Debbie Harrison, and Kevin Dowd (2014), 'VfM: Assessing Value for Money in Defined Contribution Default Funds', Pensions Institute Practitioner Report

Blake D, Enrico Biffis, Lorenzo Pitotti, and Ariel Sun (2014 Forthcoming), 'The Role of Counterparty Risk and Collateral in Longevity Risk Solutions', Journal of Risk and Insurance

Blake, D., Boardman, T., Cairns, A. (2014), 'Sharing Longevity Risk: Why Governments Should Issue Longevity Bonds', North American Actuarial Journal, 18(1), p.258-277; [Peer Reviewed]

Blake, D., MacMinn, R., Siu-Hang Li, J., Hardy, M. (2014), 'Longevity Risk and Capital Markets: The 2012–2013 Update', North American Actuarial Journal, 18(1), p.1-13; [Peer Reviewed]

Biffis E., Blake, D. (2014), ' Keeping Some Skin in the Game: How to Start a Capital Market in Longevity Risk Transfers', North American Actuarial Journal, 18(1), p.14-21; [Peer Reviewed]

Blake, D., Turner, J. A. (2014), ' Longevity Insurance Annuities : Lessons From the United Kingdom', Benefits Quarterly, 30(1), p.39-47

Blake D, Tristan Caulfield, Christos Ioannidis and Ian Tonks (2014 Forthcoming), 'Improved Inference in the Evaluation of Mutual Fund Performance using Panel Bootstrap Methods', Journal of Econometrics; [Peer Reviewed]

Harrison D, D Blake (2014), 'The Role of Real Estate in Auto-enrolment Defined Contribution Pension Scheme Default Funds', Investment Property Focus, Journal of the Investment Property Forum, No. 25, May, p.7-9

Blake D (2014), 'Modelling Pension Fund Investment Behaviour', Abingdon, Oxon, and New York: Routledge Revivals

Blake D, Debbie Harrison (2014), 'The Future of Retirement Income: Retirement income after the 2014 Budget', Pensions Institute Report for Which?

Blake D (2014), 'Issues in Pension Funding', Abingdon, Oxon, and New York: Routledge Revivals

2013

Blake D (2013), 'NDC versus FDC: Pros, Cons, and Replication' in R. Holzmann, E. Palmer and D. Robalino (ed.), Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World, Volume 2: Gender, Politics, and Financial Stability, Closing Panel - Chapter 24 (by invitation), Washington D.C.: The World Bank , p.487-494; [Peer Reviewed]

Blake D, Alberto Rossi, Allan Timmermann, Ian Tonks, and Russ Wermers (2013), 'Decentralized Investment Management: Evidence from the Pension Fund Industry', Journal of Finance , 68, p.1133-1178; [Peer Reviewed]

Blake, D., Wright, D. , Zhang, Y. (2013), 'Target-Driven Investing : Optimal Investment Strategies in Defined Contribution Pension Plans under Loss Aversion', Journal of Economic Dynamics & Control, 37(1), p.195–209 ; [Peer Reviewed]

Blake D, Guy D. Coughlan, Richard MacMinn, Andrew Cairns, and Kevin Dowd (2013), 'Longevity Risk and Hedging Solutions' in Georges Dionne (ed.), Handbook of Insurance (by invitation), New York: Springer, p.997-1036; [Peer Reviewed]

Blake, D., Boardman, T. (2013), 'Spend More Today Safely : Using Behavioral Economics to Improve Retirement Expenditure Decisions With SPEEDOMETER Plans', Risk Management & Insurance Review , 17(1), p.83-112; [Peer Reviewed]

Biffis E, D Blake (2013), 'Informed Intermediation of Longevity Exposures', Journal of Risk and Insurance, 80, p.559-584 ; [Peer Reviewed]

Blake, D., Cairns, A. , Coughlan, G. , Dowd, K. , MacMinn, R. (2013), 'The New Life Market', Journal of Risk and Insurance, 80, p.501-558 ; [Peer Reviewed]

Blake D, Debbie Harrison (2013), 'A Healthier Way to De-Risk: The Introduction of Medical Underwriting to the Defined Benefit De-Risking Market ', Pensions Institute Practitioner Report

Blake D, Richard MacMinn and Raimond Maurer (2013), 'Longevity Risk and Capital Markets: The 2011-2012 Update', Journal of Risk and Insurance, 80, p.495-500

Blake D, Debbie Harrison, Tony Key (2013), 'Returning to the Core: Rediscovering a Role for Real Estate in Defined Contribution Pension Schemes ', Pensions Institute Practitioner Report

2012

Blake D, Debbie Harrison, and Kevin Dowd (2012), 'Caveat Venditor: The Brave New World of Auto-Enrolment should be Governed by the Principle of Seller not Buyer Beware', Pensions Institute Practitioner Report

Blake D, Debbie Harrison (2012), 'An Evaluation of Investment Governance in London Local Government Pension Schemes', Pensions Institute Practitioner Report

2011

Blake D, Andrew J.G. Cairns, Kevin Dowd, Guy D. Coughlan, David Epstein, and Marwa Khalaf Allah (2011), 'Mortality Density Forecasts: An Analysis of Six Stochastic Mortality Models', Insurance: Mathematics & Economics, 48(3), p.355–367 ; [Peer Reviewed]

Blake D, Andrew J.G. Cairns, Kevin Dowd, Guy D. Coughlan, and Marwa Khalaf-Allah (2011), 'Bayesian Stochastic Mortality Modelling for Two Populations', ASTIN Bulletin, 41, 29-59 pages; [Peer Reviewed]

Blake D, Patrick Brockett, Samuel Cox and Richard MacMinn (2011), 'Longevity Risk and Capital Markets: The 2009-2010 Update', North American Actuarial Journal (by invitation), 15, p.141-149 ; [Peer Reviewed]

Blake D, Guy D. Coughlan, Marwa Khalaf-Allah, Yijing Ye, Sumit Kumar, Andrew Cairns, and Kevin Dowd (2011), 'Longevity Hedging 101: A Framework for Longevity Basis Risk Analysis and Hedge Effectiveness', North American Actuarial Journal, 15, p.150-176 ; [Peer Reviewed]

Blake D, Andrew Cairns, Kevin Dowd, Guy D. Coughlan and Marwa Khalaf Allah (2011), 'A Gravity Model of Mortality Rates for Two Related Populations', North American Actuarial Journal, 15, p.334-356 ; [Peer Reviewed]

Blake D, Kevin Dowd and Andrew J. G. Cairns (2011), 'A Computationally Efficient Algorithm for Estimating the Distribution of Future Annuity Values under Interest-Rate and Longevity Risks', North American Actuarial Journal, 15, p.237-247 ; [Peer Reviewed]

Blake D, Andrew Cairns and Kevin Dowd (2011), 'Optimal Investment Strategies in Defined Contribution Pension Plans' in Gautam Mitra and Katherina Schwaiger (ed.), Asset and Liability Management Handbook (by invitation), Palgrave Macmillan, p.234-279 ; [Peer Reviewed]

Blake D, Tom Boardman and Andrew Cairns (2011), 'Des Obligations Indexées Sur La Longévité? ', Revue Risques(86), p.75-85

Blake D, Christophe Courbage, Richard MacMinn and Michael Sherris (2011), 'Longevity Risk and Capital Markets: The 2010-2011 Update', Geneva Papers on Risk and Insurance: Issues and Practice (by invitation), 36(4), p.489-500 ; [Peer Reviewed]

2010

Blake D, Andrew Cairns and Kevin Dowd (2010), 'Facing Up to Uncertain Life Expectancy: The Longevity Fan Charts', Demography, 47, p.67-78; [Peer Reviewed]

Blake D, Anja De Waegenaere, Richard MacMinn and Theo Nijman (2010), 'Longevity Risk and Capital Markets: The 2008-2009 Update', Insurance: Mathematics & Economics, 46, p.135-138; [Peer Reviewed]

Blake D, Enrico Biffis (2010), 'Securitizing and Tranching Longevity Exposures', Insurance: Mathematics & Economics, 46, p.186-197; [Peer Reviewed]

Blake D, Alistair Byrne and Graham Mannion (2010), 'Pension Plan Decisions', Review of Behavioral Finance, 2(1), p.19–36; [Peer Reviewed]

Blake D, Paul Dawson, Kevin Dowd and Andrew Cairns (2010), 'Survivor Derivatives: A Consistent Pricing Framework', Journal of Risk and Insurance, 77, p.579-596; [Peer Reviewed]

Blake D, Kevin Dowd, Andrew J.G. Cairns, Guy D. Coughlan, David Epstein, and Marwa Khalaf-Allah (2010), 'Evaluating the Goodness of Fit of Stochastic Mortality Models ', Insurance: Mathematics & Economics, 47, p.255-265; [Peer Reviewed]

Blake D, Kevin Dowd , Andrew J.G. Cairns, Guy D. Coughlan, David Epstein, and Marwa Khalaf Allah (2010), 'Backtesting Stochastic Mortality Models: An Ex-Post Evaluation of Multi-Period-Ahead Density Forecasts', North American Actuarial Journal, 14, p.281-298 ; [Peer Reviewed]

Blake D, Cannon, E., Tonks, I. (2010), 'Ending Compulsory Annuitisation: What are the Consequences? ', Pensions Institute Practitioner Report

2009

Blake D, Debbie Harrison (2009), 'What is a Life Settlement?' in Vishaal B. Bhuyan (ed.), Life Markets: Trading Mortality and Longevity Risk with Life Settlements & Linked Securities, John Wiley & Sons, p.11-16; [Peer Reviewed]

Blake D, Paul Dawson, Andrew Cairns and Kevin Dowd (2009), 'Options on Normal Underlyings with an Application to the Pricing of Survivor Swaptions', Journal of Futures Markets, 29, p.1-18; [Peer Reviewed]

Blake D, Andrew Cairns and Kevin Dowd (2009), 'Designing a Defined Contribution Pension Plan: What to Learn from Aircraft Designers', Financial Analysts Journal, 65, p.37-42; [Peer Reviewed]

Blake D, Andrew J.G. Cairns, David Blake, Kevin Dowd, Guy D. Coughlan, David Epstein, Alen Ong, and Igor Balevich (2009), 'A Quantitative Comparison of Stochastic Mortality Models using Data from England & Wales and the United States', North American Actuarial Journal, 13, p.1-35; [Prize Winning]; [Peer Reviewed]

Blake D, Enrico Biffis (2009), 'Mortality-Linked Securities and Derivatives' in M. Bertocchi, S.L. Schwartz, and W.T. Ziemba (ed.), Optimizing the Aging, Retirement and Pensions Dilemma, John Wiley & Sons; [Peer Reviewed]

Blake D, Debbie Harrison (2009), 'The Ethics of Profiting from Mortality' in Vishaal B. Bhuyan (ed.), Life Markets: Trading Mortality and Longevity Risk with Life Settlements & Linked Securities, John Wiley & Sons, p.235-244; [Peer Reviewed]

Blake D, Tom Boardman, Andrew Cairns and Kevin Dowd (2009), 'Taking the Long View', Life and Pensions, April, p.32-34 ; [Peer Reviewed]

2008

Blake D (2008), 'Its all Back to Front: Critical Issues in the Design of Defined Contribution Pension Plans' in Dirk Broeders, Sylvester Eijffinger and Aerdt Houben (ed.), Frontiers in Pensions, Edward Elgar, p.99-159; [Peer Reviewed]

Blake D, Khorasanee, K., Pickles J., Tyrrall D. (2008), 'An unreal number: how company pension accounting fosters an illusion of uncertainty', Institute of Chartered Accountants of England and Wales and the Pensions Institute, 86 pages; sponsored by: Institute of Chartered Accountants of England and Wales ; [Peer Reviewed]

Blake D, John Pickles (2008), 'Apocalyptic Demography? Putting Longevity Risk in Perspective', Pensions Institute and CIMA; [Peer Reviewed]

Blake D, Andrew Cairns and Kevin Dowd (2008), 'Longevity Risk and the Grim Reaper’s Toxic Tail: The Survivorship Fan Charts', Insurance: Mathematics and Economics, 42, p.1062-66 ; [Peer Reviewed]

Blake D, Andrew Cairns and Kevin Dowd (2008), 'Modelling and Management of Mortality Risk: A Review', Scandinavian Actuarial Journal, 108, p.79-113 ; [Peer Reviewed]

Blake D, Kevin Dowd (2008), 'Securitization/Life' in Melnick, E., and Everitt, B. (ed.), Encyclopedia of Quantitative Risk Assessment and Analysis, Chichester: John Wiley and Sons, p.1623-1627

Blake D, Richard MacMinn and Jennifer Wang (2008), 'Longevity Risk and Capital Markets: The 2007-2008 Update', Asia-Pacific Journal of Risk and Insurance, 3, p.1-5

Blake D, Andrew Cairns and Kevin Dowd (2008), 'The Birth of the Life Market', Asia-Pacific Journal of Risk and Insurance, 3, p.6-36

Blake D, Alistair Byrne and Debbie Harrison (2008), 'Defined Contribution Pensions: Dealing with the Reluctant Investor', Journal of Financial Regulation and Compliance, 16, p.206-19; [Prize Winning]; [Peer Reviewed]

2007

Blake D, Cairns, A, Dowd, K (2007), 'The Impact of Occupation and Gender on Defined Contribution Pension Plans', Geneva Papers of Risk and Insurance. Issues and Practice., 32, p.458-82; [Peer Reviewed]

Blake D (2007), 'What is a Promise from the Government Worth? Quantifying Political Risk In State and Personal Pension Schemes in the United Kingdom', Economica, 75, p.342–361; [Peer Reviewed]

Blake D, Harrison, D, Byrne, A (2007), 'Dealing with the Reluctant Investor – Innovation and Governance in DC Pension Investment', Pensions Institute Practitioner Report, April

Blake D, Turner, J (2007), 'Individual Accounts for Social Security Reform: Lessons from the United Kingdom', Benefits Quarterly, 23(3), p.55-60; [Peer Reviewed]

Blake D, Byrne, A, Cairns, A, Dowd, K (2007), 'Default Funds in UK Defined Contribution Pension Plans', Financial Analysts Journal, 63, p.40-51; [Peer Reviewed]

Blake D, John Cotter and Kevin Dowd (2007), 'Financial Risks and the Pension Protection Fund: Can it Survive Them?', Pensions, 12, p.109-130; [Peer Reviewed]

2006

Blake D, Cairns, A, Dowd, K (2006), 'Stochastic Lifestyling: Optimal Dynamic Asset Allocation for Defined Contribution Pension Plans', Journal of Economic Dynamics and Control, 30, p.843-877; [Peer Reviewed]

Blake D, Dowd, K, Cairns, A, Dawson, P (2006), 'Survivor Swaps', Journal of Risk and Insurance, 73, p.1-17; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K (2006), 'Mortality-Dependent Financial Risk Measures', Insurance: Mathematics and Economics, 38, p.427-440; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K (2006), 'Living with Mortality: Longevity Bonds and Other Mortality-Linked Securities', British Actuarial Journal, 12, p.153-197; [Prize Winning]; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K (2006), 'Pricing Death: Frameworks for the Valuation and Securitization of Mortality Risk', ASTIN Bulletin, 36, p.79-120; [Prize Winning]; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K (2006), 'A Two-Factor Model for Stochastic Mortality with Parameter Uncertainty', Journal of Risk and Insurance, 73, p.687-718; [Peer Reviewed]

Blake D, Mayhew, L (2006), 'On the Sustainability of the UK State Pension System in the Light of Population Ageing and Declining Fertility', Economic Journal, 116, p.F286-F305; [Peer Reviewed]

Blake D, Dowd, K (2006), 'After VaR: The Theory, Estimation, and Insurance Applications of Quantile-Based Risk Measures', Journal of Risk and Insurance, 73, p.193-229; [Peer Reviewed]

Blake D, Harrison, D, Byrne, A (2006), 'Annuities and Accessibility – How the industry can empower consumers to make rational choices', Pensions Institute Practitioner Report, March

Blake D, Cairns, A, Dowd, K (2006), 'The Grave Problem of Longevity Risk', Financial Engineering News, May-June, p.19-30; [Peer Reviewed]

Blake D, Byrne, A, Harrison, D, Rhodes, B (2006), 'Pyrrhic Victory? The unintended consequences of the Pensions Act 2004', Economic Affairs, June, p.9-16; [Peer Reviewed]

Blake D, Byrne, A, Cairns, A, Dowd, D (2006), 'There’s No Time Like the Present: The Cost of Delaying Retirement Saving', Financial Services Review, 15, p.213-231; [Peer Reviewed]

Blake D, MacMinn, R, Brockett, P (2006), 'Longevity Risk and Capital Markets', Journal of Risk and Insurance, 73, p.551-557; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K, MacMinn, R (2006), 'Longevity Bonds: Financial Engineering, Valuation & Hedging', Journal of Risk and Insurance, 73, p.647-72; [Peer Reviewed]

Blake D (2006), 'Pension Economics', Wiley, p.pp 256; [Peer Reviewed]

Blake D (2006), 'Pension Finance', Wiley, p.pp 465; [Peer Reviewed]

2005

Blake D, Timmermann, A (2005), 'International Asset Allocation with Time-Varying Investment Opportunities', Journal of Business, 78(1, Part 2), p.71-98; [Peer Reviewed]

Blake D, Timmermann, A (2005), 'Returns from Active Management in International Equity Markets: Evidence from a Panel of UK Pension Funds', Journal of Asset Management, 6, p.5-20; [Peer Reviewed]

Blake D, Byrne, A, Harrison, D (2005), 'Barriers to Pension Scheme Participation in Small- and Medium-Sized Enterprises', Pensions, 10, p.144-51; [Peer Reviewed]

Blake D, Dowd, K, Cairns, A (2005), 'PensionMetrics: Designing Defined-Contribution Pension Schemes', Risk, 18(5), p.81-82; [Peer Reviewed]

Blake D, Dowd, K, Cairns, A (2005), 'Simulating DC Outcomes', Investments and Pensions Europe, , October, p.29; [Peer Reviewed]

Blake D, Harrison, D, Byrne, A, Rhodes, W (2005), 'Pyrrhic Victory? The unintended consequences of the Pensions Act 2004', Pensions Institute Practitioner Report, October

Blake D, Khorasanee, Z (2005), 'Comment on ‘Pensions and Capital Structure: Why Hold Equities in the Pension Fund’ by John Ralfe, Cliff Speed and Jon Palin', North American Actuarial Journal, October, p.125-130 ; [Peer Reviewed]

Blake D, Cairns, A, Dowd, K, Dawson, P (2005), 'Pricing Risk on Longevity Bonds', Life and Pensions, October, p.41-44; [Peer Reviewed]

2004

Blake D (2004), 'The Impact of Wealth on Consumption and Retirement Behaviour in the UK', Applied Financial Economics, 14, p.555-76; [Peer Reviewed]

Blake D (2004), 'Modelling the Composition of Personal Sector Wealth in the UK', Applied Financial Economics, 14, p.611-30; [Peer Reviewed]

Blake D, Cairns A , Dowd K (2004), 'Long-term Value at Risk', Journal of Risk Finance, 5, p.52-57; [Peer Reviewed]

Blake D (2004), 'Contracting Out of the State Pension System: The British Experience of Carrots and Sticks' in Martin Rein and Winifred Schmael (ed.), Rethinking the Welfare State: The Political Economy of Pension Reform, Edward Elgar, Cheltenham, p.19-55; [Peer Reviewed]

Blake D, Harrison, D, Byrne, A (2004), 'Delivering DC? Barriers to participation in the company-sponsored pensions market', Pensions Institute Practitioner Report, October

2003

Blake D (2003), 'Pension Schemes and Pension Funds in the United Kingdom', Oxford University Press, (first edition: 1995).; [Peer Reviewed]

Blake D (2003), 'The United Kingdom Pension System: Key Issues' in Noriyuki Takayama (ed.), Taste of Pie: Searching for Better Pension Provisions in Developed Countries, Maruzen, Tokyo.; [Peer Reviewed]

Blake D (2003), 'UK Pension Fund Management after Myners: The Hunt for Correlation Begins', Journal of Asset Management, 4, p.32-72.; [Peer Reviewed]

Blake D (2003), 'Take (Smoothed) Risks When You Are Young, Not When You Are Old: How to Get the Best from Your Pension Plan', IMA Journal of Management Mathematics, 14, p.145-61; [Peer Reviewed]

Blake D (2003), 'Contracting Out of the State Pension System: The British Experience of Carrots and Sticks' in Martin Rein and Winfried Schmael (ed.), Rethinking the Welfare State: The Case of Welfare Reform, Edward Elgar, Cheltenham; [Peer Reviewed]

Blake D (2003), 'Financial System Requirements for Successful Pension Reform', Pensions , 9, p.59-87; [Peer Reviewed]

Blake D (2003), 'Reply to 'Survivor Bonds: A Comment on Blake & Burrows', Journal of Risk and Insurance, 70, p.349-351; [Peer Reviewed]

Blake D, Cairns A , Dowd K (2003), 'PensionMetrics II: Stochastic Pension Plan Design during the Distribution Phase', Insurance: Mathematics & Economics, 33, p.29-47; [Peer Reviewed]

Blake D (2003), 'The United Kingdom Pension System: Key Issues', Pensions, 8, p.330-75; [Peer Reviewed]

2002

Blake D (2002), 'The United Kingdom: Examining the Switch from Low Public Pensions to High-Cost Private Pensions' in Martin Feldstein and Horst Siebert (ed.), Social Security and Pension Reform in Europe, University of Chicago Press, p.317-348; [Peer Reviewed]

Blake D, Lehmann B and Timmermann A (2002), 'Performance Clustering and Incentives in the UK Pension Fund Industry', Journal of Asset Management, 3, p. 173-194; [Peer Reviewed]

Blake D, Timmermann A. (2002), 'Performance Benchmarks for Institutional Investors: Measuring, Monitoring and Modifying Investment Behaviour' in John Knight and Stephen Satchell (ed.), Performance Measurement in Finance: Firms, Funds and Managers, Butterworth Heinemann, Oxford, p.108-141; [Peer Reviewed]

2001

Blake D (2001), 'UK Pension Fund Management: How is Asset Allocation Influenced by the Valuation of Liabilities?', Pensions Institute

Blake D, Burrows, W, Orszag, J.M (2001), 'Survivor Bonds and Compulsory Annuitisation: Two Ways of Helping the Private Sector Reduce the Costs of Pensions Provision' in Zvi Bodie, B. Hammond, and O. S. Mitchell (ed.), Innovations for Managing the Risks of Retirement, University of Pennsylvania Press; [Peer Reviewed]

Blake D, Burrows, W (2001), 'Survivor Bonds: Helping to Hedge Mortality Risk', Journal of Risk and Insurance, 68, p.339-348; [Prize Winning]; [Peer Reviewed]

Blake D, Cairns A, and Dowd, K (2001), 'PensionMetrics: Stochastic Pension Plan Design and Value at Risk during the Accumulation Phase', Insurance: Mathematics & Economics, 29, p.187-215; [Peer Reviewed]

2000

Blake D (2000), 'Two Decades of Pension Reform in the UK: What are the Implications for Occupational Pension Schemes?', Employee Relations, 22, p.223-45; [Peer Reviewed]

Blake D (2000), 'Does it Matter What Type of Pension Scheme You Have?', Economic Journal, 110, p.F46-F81; [Peer Reviewed]

Blake D, Board, J (2000), 'Value Added by the Pension Industry', Geneva Papers on Risk and Insurance, 25, p.539-567; [Peer Reviewed]

Blake D (2000), 'Financial Market Analysis (first edition: 1990)', Wiley; [Peer Reviewed]

1999

Blake D (1999), 'Portfolio Choice Models for Pension Funds and Life Assurance Companies: Similarities and Differences', Geneva Papers on Risk and Insurance, 24, p.327-57; [Peer Reviewed]

Blake D (1999), 'Annuity Markets: Problems and Solutions', Geneva Papers on Risk and Insurance, 24, p.358-75; [Peer Reviewed]

Blake D, Lehmann, B Timmermann, A (1999), 'Asset Allocation Dynamics and Pension Fund Performance', Journal of Business, 72, p.429-62; [Peer Reviewed]

Blake D, Orszag, J.M (1999), 'Annual Estimates of Personal Wealth Holdings in the UK since 1948', Applied Financial Economics, 9, p.397-421; [Peer Reviewed]

Blake D, Lunde, A Timmermann, A (1999), 'The Hazards of Mutual Fund Underperformance: A Cox Regression Analysis,', Journal of Empirical Finance, 6, p.121-52; [Peer Reviewed]

1998

Blake D (1998), 'Measuring the Performance of Pension Funds using Liability-Driven Performance Attribution', Journal of Pensions Management, 3, p.105-9; [Peer Reviewed]

Blake D (1998), 'Pension Schemes as Options on Pension Fund Assets: Implications for Pension Fund Management', Insurance: Mathematics & Economics, 23, p.263-86 ; [Peer Reviewed]

Blake D, Orszag, J.M (1998), 'Labour and the Future of Pensions: A Reply', Journal of Pensions Management, 3, p.263-71; [Peer Reviewed]

Blake D, Timmermann, A (1998), 'Mutual Fund Performance: Evidence from the UK', European Finance Review, 2, p.57-77; [Peer Reviewed]

1997

Blake D (1997), 'The Pensions Risk: The Long Term Risks Facing Pension Schemes and Pension Funds in Europe', Adam Smith Institute, , London; [Peer Reviewed]

Blake D (1997), 'Pension Choices and Pensions Policy in the United Kingdom' in S. Valdés-Prieto (ed.), The Economics of Pensions: Principles, Policies and International Experience, Cambridge University Press, New York(277-317); [Peer Reviewed]

Blake D (1997), 'Pension Funds and Capital Markets: Necessary but not Sufficient Conditions for Delivering the Pension Promise', Pensions Institute

Blake D, Lehmann, B Timmermann, A (1997), 'Performance Measurement Using Multiple Asset Class Portfolio Data: A Study of UK Pension Funds', Pensions Institute

Blake D, Orszag, J.M (1997), 'Portability and Preservation of Pension Rights in the UK', Report of the Director-General's Inquiry into Pensions, Office of Fair Trading, Vol.3

Blake D, Nied A (1997), 'The Demand for Alcohol in the United Kingdom', Applied Economics, 29, p.1655-1672 ; [Peer Reviewed]

1996

Blake D (1996), 'Efficiency, Risk Aversion and Portfolio Insurance: An Analysis of Financial Asset Portfolios held by Investors in the United Kingdom', Economic Journal, 106, p.1175-1192; [Peer Reviewed]

Blake D, Orszag, J M (1996), 'A Closed-Form Formula for Calculating Bond Convexity', Journal of Fixed Income, 6, p.88-91; [Peer Reviewed]

Blake D (1996), 'On the Long-Term Risks Facing Pension Schemes and Pension Funds in Europe', Journal of Pensions Management, 1, p.225-244; [Peer Reviewed]

1995

Blake D (1995), 'Pension Schemes and Pension Funds in the United Kingdom,', Oxford University Press

1994

Blake D (1994), 'Pensions - How Secure Can You Make Your Old Age?', Parliamentary Brief, December(104-6)

1993

Blake D (1993), 'Pension Schemes and Pension Funds in the United Kingdom: Regulatory Environment, Public Policy, Issues in Pension Fund Management and Consequences for Capital Markets' in Angelo Porta (ed.), Pension Funds and Capital Markets: International Experience, EGEA, Milan, p.105-87; [Peer Reviewed]

1992

Blake D (1992), 'Modelling Pension Fund Investment Behaviour', Routledge, London; [Peer Reviewed]

Blake D (1992), 'Issues in Pension Funding', Routledge, London; [Peer Reviewed]

Blake D (1992), 'It's Time to Take Our Pensions Out the Hands of Employers', The Times, 18 September