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Partial De-Annuitization of Public Pensions vs. Retirement Age Differentiation. Which Is Best to Account for Longevity Differences?
Vincent Vandenberghe, via SSRN Mar. 15, 2022 "Extensive research by demographers and economists has shown that longevity differs across socioeconomic status (SES) ... Therefore, a pension system with a unique retirement age is a priori problematic.... This paper explores the relative merits of partial de-annuitization of public pensions as a way of addressing the (imperfectly assessed) inequality of longevity." |
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