Life expectancy and claiming behavior in a flexible pension system
Dennis Fredriksen (dff@ssb.no),
Christian Brinch and
Ola Vestad
Additional contact information
Dennis Fredriksen: Statistics Norway, https://www.ssb.no/en/forskning/ansatte
Discussion Papers from Statistics Norway, Research Department
Abstract:
We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public pension system, measuring incentives to claim based on an estimated model for expected longevity. Despite a strong correlation between incentives and claiming decisions, the additional costs to public budgets arising from this selection turn out to be modest. Based on analyses exploiting only variation in expected pensions generated by variation in parental longevities and only claiming of pensions not in conjunction with retirement, we conclude that part of the selection is active: Some individuals claim pensions early because they gain from doing so.
Keywords: social security; pension benefits; retirement; annuity (search for similar items in EconPapers)
JEL-codes: H55 J14 J26 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2017-05
New Economics Papers: this item is included in nep-age and nep-pbe
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.ssb.no/en/forskning/discussion-papers/_attachment/307637 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Related works:
Journal Article: Life Expectancy and Claiming Behavior in a Flexible Pension System (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ssb:dispap:859
Ordering information: This working paper can be ordered from
https://www.ssb.no/e ... xible-pension-system
Access Statistics for this paper
More papers in Discussion Papers from Statistics Norway, Research Department P.O.Box 8131 Dep, N-0033 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by L Maasø (lma@ssb.no).