withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … heterogeneous individuals. Moreover, unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance …

This article challenges conventional wisdom by arguing that greater longevity cannot explain the significant … accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children …. This result is consistent with historical evidence that longevity began to increase long before education did. Our theory …

This Paper analyses the effects of macroeconomic conditions throughout life on the individual mortality rate. We … estimate flexible duration models where the individual’s mortality rate depends on current conditions, conditions earlier in … health indicators. The results indicate a strong effect of macroeconomic conditions during childhood on mortality at all ages …

assets (because of uncertain investment returns) and liabilities (because of uncertainty in future longevity and in future …

mechanism is that the total labour input over a lifetime must increase as longevity does. Otherwise, the incentive to invest in …

dependency ratio driven by changes in fertility and longevity. For the former the smoothing argument may be appropriate, but not … for the latter. In the case of longevity, a trade-off between consolidation and increasing retirement ages becomes … relevant, and there are strong arguments why the latter should be pursued by e.g. linking retirement ages to longevity. …