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Socio-Economic Differences in Mortality: Implications for Pensions Policy

Author

Listed:
  • Edward Whitehouse

    (OECD)

  • Asghar Zaidi

    (OECD)

Abstract

The analyses included in the report show that there are big socio-economic differences in mortality, especially for men, and they appear to have become bigger over time. The report discusses implications of mortality differentials for five major areas of pension policy: the progressivity of the pension system, the pension eligibility age, the retirement incentives, future pension expenditures and private pensions. The empirical work shows that the mortality differentials reduce progressivity in pension systems. Moreover, there is empirical evidence that raising retirement age is not more unfair to socio-economic groups with lower life expectancy. Les analyses présentées ici montrent qu’il existe de fortes différences socioéconomiques en termes de mortalité, surtout chez les hommes, et qu’elles se sont apparemment accentuées au fil du temps. Ce document examine les conséquences des écarts de mortalité pour cinq grands aspects de la politique de retraite : la progressivité du système de retraite, l’âge d’ouverture des droits à pension, les incitations à la retraite, les dépenses de retraite futures et les pensions privées. Les travaux empiriques font apparaître que les écarts de mortalité réduisent la progressivité des régimes de retraite. De plus, des données d’observation montrent que le relèvement de l’âge de la retraite n’est pas plus pénalisant pour les catégories socioéconomiques ayant une espérance de vie plus courte.

Suggested Citation

  • Edward Whitehouse & Asghar Zaidi, 2008. "Socio-Economic Differences in Mortality: Implications for Pensions Policy," OECD Social, Employment and Migration Working Papers 71, OECD Publishing.
  • Handle: RePEc:oec:elsaab:71-en
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    File URL: http://dx.doi.org/10.1787/231747416062
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    1. repec:dau:papers:123456789/8577 is not listed on IDEAS
    2. Holzmann, Robert & Alonso-García, Jennifer & Labit-Hardy, Heloise & Villegas, Andres M., 2017. "NDC Schemes and Heterogeneity in Longevity: Proposals for Redesign," IZA Discussion Papers 11193, Institute for the Study of Labor (IZA).
    3. Hippolyte d'Albis & Loesse Jacques Esso & Héctor Pifarré i Arolas, 2012. "Mortality Convergence Across High-Income Countries: An Econometric Approach," Documents de travail du Centre d'Economie de la Sorbonne 12076, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    4. Ayuso, Mercedes & Bravo, Jorge Miguel & Holzmann, Robert, 2016. "Addressing Longevity Heterogeneity in Pension Scheme Design and Reform," IZA Discussion Papers 10378, Institute for the Study of Labor (IZA).
    5. Adriaan Kalwij, 2014. "An empirical analysis of the importance of controlling for unobserved heterogeneity when estimating the income-mortality gradient," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 31(30), pages 913-940, October.
    6. Patrick Aubert & Cindy Duc & Bruno Ducoudré, 2013. "French Retirement Reforms and Intragenerational Equity in Retirement Duration," De Economist, Springer, vol. 161(3), pages 277-305, September.
    7. Adriaan Kalwij & Rob Alessie & Marike Knoef, 2013. "The Association Between Individual Income and Remaining Life Expectancy at the Age of 65 in the Netherlands," Demography, Springer;Population Association of America (PAA), vol. 50(1), pages 181-206, February.
    8. Javier Pla-Porcel & Manuel Ventura-Marco & Carlos Vidal-Meliá, 2017. "How do unisex life care annuities embedded in a pay-as-you-go retirement system affect gender redistribution?," Documentos de Trabajo del ICAE 2017-11, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    9. Bérangère LEGENDRE, 2010. "Income Distribution among Retirees: a "Pro Poor" Income Growth?," LEO Working Papers / DR LEO 760, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.

    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I1 - Health, Education, and Welfare - - Health
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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