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Increasing retirement ages in an automatic or scheduled way with increasing life expectancy at retirement is a popular … Bayesian Model Ensemble of heterogeneous stochastic mortality models comprised of parametric models, principal component … process, model, and parameter risks. The results show that: (i) retirement ages are forecasted to increase substantially in …
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We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a … their future. Heterogeneity analysis indicates that the results are mainly driven by men. …
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I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a … an event-time design, I show that elderly mortality in England and Wales declined after the pension was introduced. The … estimated mortality decline is economically relevant, more pronounced in counties with a higher share of pensioners and is …
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We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …
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