Overview on Heterogeneity in Longevity and Pension Schemes

Overview on Heterogeneity in Longevity and Pension Schemes

Differences 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 th...

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Bibliographic Details
Main Authors: Lee, Ron, Sanchez-Romero, Miguel
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
LIFE EXPECTANCY
PENSION SYSTEMS
PUBLIC PENSIONS
PAY-AS-YOU-GO
PENSION REFORM
PROGRESSIVITY
Online Access:http://documents.worldbank.org/curated/en/567051556882448092/Overview-on-Heterogeneity-in-Longevity-and-Pension-Schemes
http://hdl.handle.net/10986/31636
id okr-10986-31636
recordtype oai_dc
spelling okr-10986-316362021-05-25T09:23:35Z Overview on Heterogeneity in Longevity and Pension Schemes Lee, Ron Sanchez-Romero, Miguel LIFE EXPECTANCY PENSION SYSTEMS PUBLIC PENSIONS PAY-AS-YOU-GO PENSION REFORM PROGRESSIVITY Differences 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. 2019-05-06T21:36:34Z 2019-05-06T21:36:34Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/567051556882448092/Overview-on-Heterogeneity-in-Longevity-and-Pension-Schemes http://hdl.handle.net/10986/31636 English Social Protection and Jobs Discussion Paper,no. 1911; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper United States
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic LIFE EXPECTANCY
PENSION SYSTEMS
PUBLIC PENSIONS
PAY-AS-YOU-GO
PENSION REFORM
PROGRESSIVITY
spellingShingle LIFE EXPECTANCY
PENSION SYSTEMS
PUBLIC PENSIONS
PAY-AS-YOU-GO
PENSION REFORM
PROGRESSIVITY
Lee, Ron
Sanchez-Romero, Miguel
Overview on Heterogeneity in Longevity and Pension Schemes
geographic_facet United States
relation Social Protection and Jobs Discussion Paper,no. 1911;
description Differences 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.
format Working Paper
author Lee, Ron
Sanchez-Romero, Miguel
author_facet Lee, Ron
Sanchez-Romero, Miguel
author_sort Lee, Ron
title Overview on Heterogeneity in Longevity and Pension Schemes
title_short Overview on Heterogeneity in Longevity and Pension Schemes
title_full Overview on Heterogeneity in Longevity and Pension Schemes
title_fullStr Overview on Heterogeneity in Longevity and Pension Schemes
title_full_unstemmed Overview on Heterogeneity in Longevity and Pension Schemes
title_sort overview on heterogeneity in longevity and pension schemes
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/567051556882448092/Overview-on-Heterogeneity-in-Longevity-and-Pension-Schemes
http://hdl.handle.net/10986/31636
_version_ 1764474816834830336

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