Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy

Frank T. Denton and Byron Spencer

Quantitative Studies in Economics and Population Research Reports from McMaster University

Abstract: Canadians 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.

Keywords: age of pension eligibility; pension burden (search for similar items in EconPapers)
JEL-codes: H55 J18 J26 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2010-10
New Economics Papers: this item is included in nep-age and nep-hea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy (2011)
Working Paper: Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:442

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