Longevity gap and public pensions : a minimal model

András Simonovits

The strong and increasing positive correlation between lifetime income and life expectancy (the longevity gap) has recently been widely studied. In this paper we employ the simplest, minimal model to demonstrate the impact of this long-neglected fact on the various types of public pension systems, especially on the issue of progressivity and neutrality.

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Year of publication:	2021
Authors:	Simonovits, András
Publisher:	Budapest : Institute of Economics, Centre for Economic and Regional Studies
Subject:	social security \| public finance \| income-dependent life expectation \| longevity gap \| Sterblichkeit \| Mortality \| Gesetzliche Rentenversicherung \| Public pension system \| Soziale Sicherheit \| Social security \| Theorie \| Theory \| Overlapping Generations \| Overlapping generations \| Rentenfinanzierung \| Pension finance