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In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change in the standard deviation of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and...
Persistent link: https://www.econbiz.de/10013137106
-adjusted mortality rates of residents of Germany, using longitudinal, annual, state-level data during the period 2000-2007. The estimates …-adjusted cancer mortality rates of residents of France, using longitudinal, annual, cancer-site-level data during the period 2002 … mortality rates, and may have accounted for as much as half of the decline …
Persistent link: https://www.econbiz.de/10013069689
generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity …
Persistent link: https://www.econbiz.de/10013001164
The Nordic countries have the lowest maternal and child mortality rates in the world. This has not always been the case …. In 1887 the mortality rates in Norway were similar to those of developing countries today. During the next 34 years …, Norwegian maternal mortality was halved and infant mortality fell by 40 percent. Investigating the relationship between health …
Persistent link: https://www.econbiz.de/10012926501
It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity,...
Persistent link: https://www.econbiz.de/10013156047
study was subject to a number of major methodological flaws. Many of their claims pertain to the role of infant mortality …. I show that infant mortality was not an important determinant of the growth in U.S. life expectancy during the period … that I studied, and that my estimates are completely insensitive to the inclusion or exclusion of infant mortality …
Persistent link: https://www.econbiz.de/10013157847
mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that … retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate … inequality under nuclear family arrangements. Pooling mortality risks with equal treatment of all children may fend off, or even …
Persistent link: https://www.econbiz.de/10012779950
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...
Persistent link: https://www.econbiz.de/10012759851
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10012763911
This paper studies a problem of non linear taxation when individuals have different longevities resulting from a non-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find that the laissez-faire level of effort is too...
Persistent link: https://www.econbiz.de/10012764527