A fixed career length versus a fixed retirement age: An analysis per socio-economic groups

M. Carmen Boado-Penas; Pierre Devolver; Sule Sahin; Carlos Sunyer

doi:10.1007/978-3-030-99638-3_19

A fixed career length versus a fixed retirement age: An analysis per socio-economic groups

M. Carmen Boado-Penas^*, Pierre Devolver, Sule Sahin, Carlos Sunyer

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

Original language	English
Title of host publication	Mathematical and Statistical Methods for Actuarial Sciences and Finance
Subtitle of host publication	MAF 2022
Publisher	Springer
Pages	115-120
Number of pages	6
ISBN (Electronic)	9783030996383
ISBN (Print)	9783030996376
DOIs	https://doi.org/10.1007/978-3-030-99638-3_19
Publication status	Published - 12 Apr 2022
Event	17th Conference on Methods and Applications in Fluorescence 2022 - Göteborg, Sweden Duration: 11 Sept 2022 → 14 Sept 2022

Conference

Conference	17th Conference on Methods and Applications in Fluorescence 2022
Abbreviated title	MAF 2022
Country/Territory	Sweden
City	Göteborg
Period	11/09/22 → 14/09/22

Keywords

Labour entry age
Mortality differentials
Public pension
Redistribution
Reform

ASJC Scopus subject areas

General Mathematics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-030-99638-3_19

Cite this

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title = "A fixed career length versus a fixed retirement age: An analysis per socio-economic groups",

abstract = "An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.",

keywords = "Labour entry age, Mortality differentials, Public pension, Redistribution, Reform",

author = "Boado-Penas, {M. Carmen} and Pierre Devolver and Sule Sahin and Carlos Sunyer",

note = "Publisher Copyright: {\textcopyright} Springer Nature Switzerland AG 2022.; 17th Conference on Methods and Applications in Fluorescence 2022, MAF 2022 ; Conference date: 11-09-2022 Through 14-09-2022",

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doi = "10.1007/978-3-030-99638-3_19",

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Boado-Penas, MC, Devolver, P, Sahin, S & Sunyer, C 2022, A fixed career length versus a fixed retirement age: An analysis per socio-economic groups. in Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2022. Springer, pp. 115-120, 17th Conference on Methods and Applications in Fluorescence 2022, Göteborg, Sweden, 11/09/22. https://doi.org/10.1007/978-3-030-99638-3_19

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T2 - 17th Conference on Methods and Applications in Fluorescence 2022

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AU - Devolver, Pierre

AU - Sahin, Sule

AU - Sunyer, Carlos

N1 - Publisher Copyright: © Springer Nature Switzerland AG 2022.

PY - 2022/4/12

Y1 - 2022/4/12

N2 - An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

AB - An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

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KW - Mortality differentials

KW - Public pension

KW - Redistribution

KW - Reform

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BT - Mathematical and Statistical Methods for Actuarial Sciences and Finance

PB - Springer

Y2 - 11 September 2022 through 14 September 2022

ER -

A fixed career length versus a fixed retirement age: An analysis per socio-economic groups

Abstract

Conference

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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