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Impact of Income on Life Expectancy: A Challenge for the Pension Policy

Author

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  • Damian Walczak

    (Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Torun, Gagarina 13A, 87-100 Toruń, Poland)

  • Jacek Wantoch-Rekowski

    (Faculty of Law and Administration, Nicolaus Copernicus University in Torun, Bojarskiego 3, 87-100 Toruń, Poland)

  • Robert Marczak

    (Department of Social Insurance, Warsaw School of Economics, Aleja Niepodległości 162, 02-554 Warszawa, Poland)

Abstract

The aim of this paper is to present life expectancy of both genders depending on their income and to determine the impact of a possible regularity on the state pension policy. The study was based on the income of pensioners in Poland (over 5 million people receiving old-age pension). The results obtained made it possible to formulate several important conclusions: the rich live longer; the impact of income on life expectancy is much stronger among men than women; and with age, income has less and less impact on life expectancy. Consequently, in the capital model that is in force in Poland, the state should take this fact into account in its pension policy when calculating the amount of the benefit.

Suggested Citation

  • Damian Walczak & Jacek Wantoch-Rekowski & Robert Marczak, 2021. "Impact of Income on Life Expectancy: A Challenge for the Pension Policy," Risks, MDPI, vol. 9(4), pages 1-13, April.
    • Handle: RePEc:gam:jrisks:v:9:y:2021:i:4:p:65-:d:528959
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    References listed on IDEAS

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    Cited by:

    1. Keivan Diakite & Pierre Devolder, 2021. "Progressive Pension Formula and Life Expectancy Heterogeneity," Risks, MDPI, vol. 9(7), pages 1-19, July.
    2. Aris Ananta & Ahmad Irsan A. Moeis & Hendro Try Widianto & Heri Yulianto & Evi Nurvidya Arifin, 2021. "Pension and Active Ageing: Lessons Learned from Civil Servants in Indonesia," Social Sciences, MDPI, vol. 10(11), pages 1-17, November.

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