Life expectancy, heavy work and return to education; lessons for the social security reform

Gilles Le Garrec () and Stéphane Lhuissier

No 2011-18, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: In most industrial countries, while the calculation of pension bene?ts is progressive, public pension systems redistribute weakly from high to low- income earners. They are close to actuarial fairness. This statement results from the following speci?city: less paid jobs are also heavier and health- damaging jobs involving losses in life expectancy. As avoiding low earnings and hard-working conditions require acquisition of skills, we study conjointly in this article the impact of social security and the work-related life ex- pectancy loss on the schooling decision. We then study macroeconomic and distributional consequences of global gain in life expectancy associated with di¤erent social security reforms, focusing particularly on spillover e¤ects pos- sibly generated by education.

Keywords: social security; human capital; inequality (search for similar items in EconPapers)
JEL-codes: D63 H55 J31 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-age, nep-lab and nep-pub
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Related works:
Working Paper: Life expectancy, heavy work and the return to education: lessons for the social security reform (2011)
Working Paper: Life expectancy, heavy work and the return to education: lessons for the social security reform (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1118

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