Die Lebenserwartung steigt in Deutschland von Jahr zu Jahr. Dies gilt gleichermaßen für die Lebenserwartung im Renteneintrittsalter, und damit nimmt auch die Rentenbezugszeit zu, ohne dass der Rentenversicherung auf der Einnahmenseite zusätzliche Zahlungen zugutekommen. In der...

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...

The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for reducing income inequality in Germany. The welfare analysis is based on a model of age-dependent human capital accumulation, featuring dynamic complementarities in skill...

Unexpected longevity can bring economic hardship to the elderly and affect the young through intergenerational policies. This paper studies the dynamic effects of longevity on policies and fertility, distinguishing between those of expected and unexpected longevity gains. In an...

The aging of the global population is in the headlines following a report that China's population fell as deaths surpassed births. Pundits worry that a declining Chinese workforce means trouble for other economies that have come to rely on China's exports. France is pushing through an increase...

This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others. By...

This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others. By...

Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...