Overview on Heterogeneity in Longevity and Pension Schemes

dc.creatorLee, Ron
dc.creatorSanchez-Romero, Miguel
dc.date2019-05-06T21:36:34Z
dc.date2019-05-06T21:36:34Z
dc.date2019-04
dc.date.accessioned2026-07-01T00:42:10Z
dc.descriptionDifferences in life expectancy between high and low socioeconomic groups are often large and have widened in recent decades. In the United States, the differences may now be as large as ten to fourteen years. These longevity gaps strongly affect the actuarial fairness and progressivity of many public pension systems, raising the question of possible policy reforms to address this issue. This paper reviews the empirical literature on the longevity differences across socioeconomic groups and their impacts on lifetime benefits, considers how these impacts depend on four different pay-as-you-go pension structures (calibrated on the US case), and discusses some policy options.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/567051556882448092/Overview-on-Heterogeneity-in-Longevity-and-Pension-Schemes
dc.identifierhttps://hdl.handle.net/10986/31636
dc.identifier10.1596/31636
dc.identifier.urihttp://hdl.handle.net/123456789/409481
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationSocial Protection and Jobs Discussion Paper,no. 1911;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectLIFE EXPECTANCY
dc.subjectPENSION SYSTEMS
dc.subjectPUBLIC PENSIONS
dc.subjectPAY-AS-YOU-GO
dc.subjectPENSION REFORM
dc.subjectPROGRESSIVITY
dc.titleOverview on Heterogeneity in Longevity and Pension Schemes
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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