The limited power of socioeconomic status to predict lifespan: Implications for pension policy

Baurin, Arno

doi:10.1016/j.jeoa.2021.100339

Cited by 5 publications

(3 citation statements)

References 20 publications

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“…However, situations synonymous with "undershooting" or "overshooting" still abound. Following Baurin (2021), the overall reduction in the propensity of retirement policy to deviate from the full individualised first best can be expressed as a index 12 ∈ [0, 1] where the numerator aggregates the (absolute) values of the individual equity gaps under retirement age differentiation by SES j = 1 . .…”

Section: Bismarckian Contributory Pension Schemementioning

confidence: 99%

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Partial De-Annuitization of Public Pensions V.S. Retirement Age Differentiation. Which is Best to Account for Longevity Differences?

Vandenberghe

2021

SSRN Journal

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Section: Bismarckian Contributory Pension Schemementioning

confidence: 99%

“…To be precise, our index deviates from that ofBaurin (2021) in the sense that is monetarised. Gaps are expressed in monetary terms and not just in terms of years.…”

mentioning

confidence: 96%

Partial De-Annuitization of Public Pensions V.S. Retirement Age Differentiation. Which is Best to Account for Longevity Differences?

Vandenberghe

2021

SSRN Journal

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“…They assess the likely impact of these options on the benefit levels and economic status of different types of future beneficiary, such as those with low lifetime earnings. Baurin [ 17 ] analyses the relevance of using SE characteristics to differentiate between retirement ages. Using US mortality rates, he simulates the lifespan distribution both across and within SE categories and analyses their ability to predict the lifespan of individuals.…”

Section: Introductionmentioning

confidence: 99%

Mortality and life expectancy trends in Spain by pension income level for male pensioners in the general regime retiring at the statutory age, 2005–2018

González

Regúlez-Castillo

Ventura-Marco

et al. 2022

Int J Equity Health

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Background Research has generally found a significant inverse relationship in mortality risk across socioeconomic (SE) groups. This paper focuses on Spain, a country for which there continues to be very little evidence available concerning retirement pensioners. We draw on the Continuous Sample of Working Lives (CSWL) to investigate disparities in SE mortality among retired men aged 65 and above over the longest possible period covered by this data source: 2005–2018. We use the initial pension income (PI) level as our single indicator of the SE status of the retired population. Methods The mortality gradient by income is quantified in two ways: via an indicator referred to as “relative mortality”, and by estimating changes in total life expectancy (LE) by PI level at ages 65 and 75 over time. We show that, should the information provided by the relative mortality ratio not be completely clear, a second indicator needs to be introduced to give a broad picture of the true extent of inequality in mortality. Results The first indicator reveals that, for the period covered and for all age groups, the differences in death rates across PI levels widens over time. At older age groups, these differences across PI levels diminish. The second indicator shows that disparities in LE at ages 65 and 75 between pensioners in the lowest and highest income groups are relatively small, although slightly higher than previously reported for Spain. This gap in LE widens over time, from 1.49 to 2.54 years and from 0.71 to 1.40 years respectively for pensioners aged 65 and 75. These differences are statistically significant. Conclusions Along with other behavioral and structural aspects, a combination of factors such as the design of the pension system, the universality and quality of the health system, and high levels of family support could explain why LE inequalities for retired Spanish men are relatively small. To establish the reasons for this increased inequality in LE, more research needs to be carried out. An analysis of all Spanish social security records instead of just a sample would provide us with more information.

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The Public Economics of Changing Longevity

Pestieau

2022

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Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, but at the same time substantial longevity inequalities persist within nations across income classes. This Element aims to survey some crucial implications of changing longevity on the design of optimal public policy. For that purpose, it first focuses on some difficulties raised by risky and varying lifetime for the representation of individual and social preferences. Then, it explore some central implications of changing longevity for optimal policy making, regarding prevention against premature death, pension policies, education, health care and long-term care. The author distinguishes between the case when longevity is partially the responsibility of individuals and the case when longevity is plainly exogenous.

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The limited power of socioeconomic status to predict lifespan: Implications for pension policy

Cited by 5 publications

References 20 publications

Partial De-Annuitization of Public Pensions V.S. Retirement Age Differentiation. Which is Best to Account for Longevity Differences?

Partial De-Annuitization of Public Pensions V.S. Retirement Age Differentiation. Which is Best to Account for Longevity Differences?

Mortality and life expectancy trends in Spain by pension income level for male pensioners in the general regime retiring at the statutory age, 2005–2018

The Public Economics of Changing Longevity

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