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Lifetime Earnings and Life Expectancy

Author

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  • Hans-Martin von Gaudecker
  • Rembrandt D. Scholz

    (Munich Center for the Economics of Aging (MEA))

Abstract

We estimate remaining life expectancy at age 65 using a very large sample of male German pensioners. Our analysis is entirely nonparametric. Furthermore, the data enable us to compare life expectancy in eastern and western Germany conditional on a measure of socio-economic status. Our findings show a lower bound of almost fifty percent (six years) on the difference in remaining life expectancy between the lowest and the highest socio-economic group considered. Within groups, we find similar values for East andWest. Our analysis contributes to the literature in several aspects. First, Germany is clearly underrepresented in differential mortality studies. Second, we are able to use a novel measure of lifetime earnings as a proxy for socio-economic status that remains valid for retired people. Third, the comparison of eastern and western Germany may provide some interesting insights for transformation countries.

Suggested Citation

  • Hans-Martin von Gaudecker & Rembrandt D. Scholz, 2006. "Lifetime Earnings and Life Expectancy," MEA discussion paper series 06102, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
  • Handle: RePEc:mea:meawpa:06102
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    References listed on IDEAS

    as
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    4. repec:pri:cheawb:case_paxson_economic_status_paper is not listed on IDEAS
    5. Dmitri A. Jdanov & Rembrandt D. Scholz & Vladimir M. Shkolnikov, 2005. "Official population statistics and the Human Mortality Database estimates of populations aged 80+ in Germany and nine other European countries," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 13(14), pages 335-362, November.
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    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • Z0 - Other Special Topics - - General

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