Impact of Income on Life Expectancy: A Challenge for the Pension Policy

Damian Walczak, Jacek Wantoch-Rekowski and Robert Marczak
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Damian Walczak: Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Torun, Gagarina 13A, 87-100 Toruń, Poland
Jacek Wantoch-Rekowski: Faculty of Law and Administration, Nicolaus Copernicus University in Torun, Bojarskiego 3, 87-100 Toruń, Poland
Robert Marczak: Department of Social Insurance, Warsaw School of Economics, Aleja Niepodległości 162, 02-554 Warszawa, Poland

Risks, 2021, vol. 9, issue 4, 1-13

Abstract: The aim of this paper is to present life expectancy of both genders depending on their income and to determine the impact of a possible regularity on the state pension policy. The study was based on the income of pensioners in Poland (over 5 million people receiving old-age pension). The results obtained made it possible to formulate several important conclusions: the rich live longer; the impact of income on life expectancy is much stronger among men than women; and with age, income has less and less impact on life expectancy. Consequently, in the capital model that is in force in Poland, the state should take this fact into account in its pension policy when calculating the amount of the benefit.

Keywords: life expectancy; gender gap; welfare justice; mortality; pension policy (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:9:y:2021:i:4:p:65-:d:528959

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