Lassila, Jukka; Valkonen, Tarmo - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2007
In anticipation of future gains in life expectancy, several countries have passed laws that automatically adjust pensions, if life expectancy changes. In this paper we study the effects of longevity adjustment under demographic uncertainty in Finland. If longevity increases, the adjustment...