Partial de-annuitization of public pensions vs. retirement age differentiation: Which is best to account for longevity differences?

Vincent Vandenberghe

Journal of Pension Economics and Finance, 2024, vol. 23, issue 1, 111-131

Abstract: Extensive research by demographers and economists has shown that longevity differs across socio-economic status (SES), with low-educated or low-income people living, on average, shorter lives than their better-endowed and wealthier peers. Therefore, a pension system with a unique retirement age is a priori problematic. The usual policy recommendation to address this problem is to differentiate the retirement age by SES. This paper explores the relative merits of partial de-annuitization of public pensions as a way of addressing the (imperfectly assessed) inequality of longevity.

Date: 2024
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Working Paper: Partial De-Annuitization of Public Pensions v.s. Retirement Age Differentiation. Which is Best to Account for Longevity Differences? (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jpenef:v:23:y:2024:i:1:p:111-131_6

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