Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy
AbstractCanadians are living longer and retiring younger. When combined with the aging of the baby boom generation, that means that the “inactive” portion of the population is increasing and there are concerns about possibly large increases in the burden of support on those who are younger. We model the impact of continued future gains in life expectancy on the size of the population that receives public pension benefits. We pay special attention to possible increases in the age of eligibility and the pension contribution rate that would maintain the publicly financed component of the retirement income security system.
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Bibliographic InfoPaper provided by McMaster University in its series Social and Economic Dimensions of an Aging Population Research Papers with number 276.
Length: 38 pages
Date of creation: Oct 2010
Date of revision:
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age of pension eligibility; pension burden;
Other versions of this item:
- Frank T. Denton & Byron G. Spencer, 2011. "Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy," Canadian Public Policy, University of Toronto Press, vol. 37(2), pages 183-199, June.
- Frank T. Denton & Byron G. Spencer, 2010. "Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy," Quantitative Studies in Economics and Population Research Reports 442, McMaster University.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-AGE-2010-11-06 (Economics of Ageing)
- NEP-ALL-2010-11-06 (All new papers)
- NEP-HEA-2010-11-06 (Health Economics)
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- Peter Hicks, 2012. "Later Retirement: the Win-Win Solution," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 345, March.
- Robert L. Brown, 2011. "Economic Security in an Aging Canadian Population," Social and Economic Dimensions of an Aging Population Research Papers 285, McMaster University.
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