In a novel move to support research into the risks and challenges that affect our rapidly changing world, the AXA Insurance Group has awarded funding to Oxford student Matthew Tye to look into ageing populations.

axa logo The recently established AXA Research Fund will award 100 million Euros over five years to finance innovative research. Matthew Tye, aged 22 from Birmingham, is only one of 14 students from across Europe to benefit from funding in the latest phase of the highly competitive funding resource.

His project entitled ‘Increasing Longevity in Vietnam: Strategies for Long-Term Care – the Intergenerational Contract’, aims to use the developing country as a case study for identifying wider policies that will offset social and economic challenges resulting from the global explosion in the number of elderly people expected in the coming decades.

Matthew Tye said: “Global trends are suggesting increased longevity, combined with decreasing mortality rates among younger people, and falling fertility rates as couples choose to have fewer children later in life. This is producing demographic changes that will have major implications for family relationships, social networks and economic and consumer behaviour, as well as for the provision of medical and welfare support”.

Matthew will become a member of Exeter College in October, one of Oxford’s oldest colleges dating back to the 13th Century. He will study at the Institute of Ageing under the supervision of Professor Sarah Harper, widely regarded as the world’s number one leading gerontologist. Professor Harper said: “The Institute of Ageing was delighted to nominate Matthew for this award – he will be joining a growing band of young people who are working with us to improve the lives of older people not just here but across the globe”.

The Head of the AXA Research Fund, Anne-Juliette Hermant said: “Matthew is an extremely promising young researcher, whose project tackles issues which are especially relevant today. We are proud to contribute to his growth and development as a researcher and are looking forward to his joining our community of AXA Fellows. We wish him the best of success!”

Dr. Giang Thanh Long of the National Economics University (NEU) in Vietnam said: "Growing old before improving socio-economic status will become a major issue in Vietnam in the coming decades. Matthew's study on ageing and pensions in Vietnam is really timely to provide policy suggestions dealing with such a challenge."

His Excellency Mr. Mark Kent, the British Ambassador to the Socialist Republic of Vietnam commented:
"Matthew has worked hard to promote UK-Vietnam academic links and I think it is great news that he has received this award. His studies should contribute a lot to furthering consideration of pensions and social policy issues in Vietnam, helping Vietnamese government and society adapt to emerging development challenges."
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