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Getting Life Expectancy Estimates Right for Pension Policy

dc.contributor.authorAyuso, Mercedes
dc.contributor.authorBravo, Jorge
dc.contributor.authorHolzmann, Robert
dc.contributor.institutionNOVA Information Management School (NOVA IMS)
dc.contributor.institutionInformation Management Research Center (MagIC) - NOVA Information Management School
dc.date.accessioned2019-03-11T23:03:35Z
dc.date.available2019-03-11T23:03:35Z
dc.date.issued2018
dc.descriptionAyuso, M., Bravo, J., & Holzmann, R. (2018). Getting Life Expectancy Estimates Right for Pension Policy: Period versus Cohort Approach. (pp. 1-30). (CESifo Working Papers; No. 7349). Munich Society for the Promotion of Economic Research ‐ CESifo GmbH.
dc.description.abstractIn many policy areas it is essential to use the best estimates of life expectancy, but it is vital to most areas of pension policy. This paper presents the conceptual differences between static period and dynamic cohort mortality tables, estimates the differences in life expectancy for Portugal and Spain, and compares official estimates of both life expectancy estimates for Australia, the United Kingdom, and the United States for 1981, 2010, and 2060. These comparisons reveal major differences between period and cohort life expectancy in and between countries and across years. The implications of using wrong estimates for pension policy, including financial sustainability, are explored.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent30
dc.format.extent1104215
dc.identifier.issn2364‐1428
dc.identifier.otherPURE: 12010569
dc.identifier.otherPURE UUID: cf1313cb-d3ac-4c08-9f3e-e3fe0bd2fc97
dc.identifier.otherORCID: /0000-0002-7389-5103/work/59471636
dc.identifier.urihttp://hdl.handle.net/10362/62928
dc.language.isoeng
dc.publisherMunich Society for the Promotion of Economic Research ‐ CESifo GmbH
dc.subjectCross-country comparison
dc.subjectLee-Carter
dc.subjectLife expectancy indexation
dc.subjectBalancing mechanism
dc.subjectSDG 3 - Good Health and Well-being
dc.titleGetting Life Expectancy Estimates Right for Pension Policyen
dc.title.subtitlePeriod versus Cohort Approachen
dc.typeworking paper
degois.publication.firstPage1
degois.publication.lastPage30
dspace.entity.typePublication
rcaap.rightsopenAccess

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