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

Frank T. Denton and Byron Spencer

Canadian Public Policy, 2011, vol. 37, issue 2, 183-199

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.

Date: 2011
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Related works:
Working Paper: Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy (2010)
Working Paper: Age of Pension Eligibility, Gains in Life Expectancy, and Social Policy (2010)
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