NDC Schemes and Heterogeneity in Longevity : Proposals for Redesign
A positive relationship between lifetime income and life expectancy leads to a redistribution mechanism when the average cohort life expectancy is applied for annuity calculation. Such a distortion puts into doubt the main features of the NDC (nonf...
| Main Authors: | , , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/551391556883357303/NDC-Schemes-and-Heterogeneity-in-Longevity-Proposals-for-Redesign http://hdl.handle.net/10986/31637 |