IRES/LIDAM, UCLouvain
will give a presentation on
Abstract:
Extensive research by demographers and economists has shown that life expectancy differs across socioeconomic status (SES), with low-educated or low-income people living, on average, shorter lives than their better-endowed and wealthier peers. Therefore, a pension system with a unique retirement age is a priori problematic. The usual policy recommendation to address this problem is to differentiate the retirement age by SES. This paper explores the relative merits of (partial) de-annuitization of public pensions v.s. retirement age differentiation as ways of addressing (imperfectly assessed) inequality of longevity