Longevity Variations and the Welfare State

Pierre Pestieau and Gregory Ponthiere

JODE - Journal of Demographic Economics, 2016, vol. 82, issue 2, 207-239

Abstract: Life expectancy at birth has more than doubled in Europe since the early 19th century. This demographic trend constitutes a major victory against scarcity, but raises also deep challenges to the Welfare State, concerning the sustainability and the equity of the social protection system. This paper surveys recent developments in the economic analysis of longevity, both at the positive and the normative levels. Taking mortality risks into account is shown to affect the study of the life cycle model significantly, in particular concerning the strength of life horizon effects. It raises also, at the level of normative foundations for policy-making, a dilemma between ex ante and ex post valuations. Finally, we explore the design of policy reforms under varying longevity, in fields including preventive and curative policies, education, pension, and wealth taxation.

Keywords: Longevity; Mortality risk; Inequalities; Life cycle; Welfare State (search for similar items in EconPapers)
JEL-codes: H55 J10 J18 (search for similar items in EconPapers)
Date: 2016-06-01
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Citations: View citations in EconPapers (23)

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http://dx.doi.org/10.1017/dem.2016.4 (application/pdf)

Related works:
Journal Article: LONGEVITY VARIATIONS AND THE WELFARE STATE (2016)
Working Paper: Longevity variations and the welfare state (2016)
Working Paper: Longevity variations and the welfare state (2016)
Working Paper: Longevity Variations and the Welfare State (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvde:v:82:y:2016:i:2:p:207-239

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