I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a … an event-time design, I show that elderly mortality in England and Wales declined after the pension was introduced. The … estimated mortality decline is economically relevant, more pronounced in counties with a higher share of pensioners and is …

utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … expectancy magnifies the negative effect on the lifetime utility of those who suffer low longevity. Furthermore, when the income …