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The Impact of Income on Mortality : Evidence from the Social Security Notch

Snyder, Stephen E. - 2002

has proven much more difficult to establish a causal relationship since income and health are jointly determined. We use a … major change in the Social Security law as exogenous variation in income to examine the impact of income on mortality in an … January 1, 1917 generally receive higher benefits than those born afterwards. We compare mortality rates after age 65 for …

Persistent link: https://www.econbiz.de/10012469513

Retirement ages by socio-economic class

Arnold-Gaille, Séverine; Jijiie, Anca - In: Risks : open access journal 8 (2020) 4/102, pp. 1-40

We are interested in defining the optimal retirement age by socio-economic class, given a Defined Benefit and a Notional Defined Contribution scheme. We firstly implement a utilitarian framework. Depending on the risk aversion coefficients and individual time preference factors, the results...

Persistent link: https://www.econbiz.de/10012373083

Morbidity, Mortality, Health Expenditures and Annuitization

Tang, Kam Ki - 2010

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...

Persistent link: https://www.econbiz.de/10012759851

The introduction of social pensions and elderly mortality : evidence 1870-1939

Jäger, Philipp - 2019

The strong association between income and mortality raises the question whether more generous social security systems … could improve poor people’s health outcomes. Thus, in this paper, I analyze whether a major social security innovation, the … introduction of social pensions targeted at poor elderly people in the late 19th-early 20th century, has reduced mortality rates of …

Persistent link: https://www.econbiz.de/10012020108

Reinventing social security : towards a two-step mixed pension system

Domínguez-Fabián, Inmaculada; Olmo-García, Francisco del - In: Economic challenges of pension systems : a …, (pp. 441-472). 2020

The literature has addressed the problem of pensions and has reached an almost unanimous conclusion that increased longevity is the main cause of the problem. However, in our opinion, longevity itself is not a problem and, therefore, should not be the cause of the problem of pensions. The real...

Persistent link: https://www.econbiz.de/10012207462

Set for life : old-age pensions provided by hospitals in late-medieval Amsterdam

Zuijderduijn, C. Jaco - 2025

Hospitals were among the wealthiest organizations in medieval cities. Their directors managed portfolios consisting of real estate and financial instruments; as a result, they also handled large quantities of money. It has been suggested that they used these to provide a variety of financial...

Persistent link: https://www.econbiz.de/10015398532