Getting life expectancy estimates right for pension policy

Detalhes bibliográficos
Autor(a) principal: Ayuso, Mercedes
Data de Publicação: 2021
Outros Autores: Bravo, Jorge Miguel, Holzmann, Robert
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/114134
Resumo: Ayuso, M., Bravo, J. M., & Holzmann, R. (2021). Getting life expectancy estimates right for pension policy: Period versus cohort approach. Journal of Pension Economics and Finance, 20(2), 212-231. [Advanced online publication on 13 May, 2020]. https://doi.org/10.1017/S1474747220000050 . doi:10.1017/S1474747220000050
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spelling Getting life expectancy estimates right for pension policyPeriod versus cohort approachBalancing mechanismcross-country comparisonLee-Carterlife expectancy indexationFinanceEconomics and EconometricsOrganizational Behavior and Human Resource ManagementSDG 1 - No PovertySDG 3 - Good Health and Well-beingSDG 5 - Gender EqualitySDG 10 - Reduced InequalitiesAyuso, M., Bravo, J. M., & Holzmann, R. (2021). Getting life expectancy estimates right for pension policy: Period versus cohort approach. Journal of Pension Economics and Finance, 20(2), 212-231. [Advanced online publication on 13 May, 2020]. https://doi.org/10.1017/S1474747220000050 . doi:10.1017/S1474747220000050In many policy areas it is essential to use the best estimates of life expectancy, but it is vital to most areas of pension policy. This paper presents the conceptual differences between static period and dynamic cohort mortality tables, estimates the differences in life expectancy for Portugal and Spain, and compares official estimates of both life expectancy estimates for Australia, the United Kingdom, and the United States for 1981, 2010, and 2060. These comparisons reveal major differences between period and cohort life expectancy in and between countries and across years. The implications of using wrong estimates for pension policy, including financial sustainability, are explored.NOVA Information Management School (NOVA IMS)Information Management Research Center (MagIC) - NOVA Information Management SchoolRUNAyuso, MercedesBravo, Jorge MiguelHolzmann, Robert2021-03-19T23:26:52Z2021-042021-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/114134eng1474-7472PURE: 18517636https://doi.org/10.1017/S1474747220000050info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:56:51Zoai:run.unl.pt:10362/114134Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:42:27.046162Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Getting life expectancy estimates right for pension policy
Period versus cohort approach
title Getting life expectancy estimates right for pension policy
spellingShingle Getting life expectancy estimates right for pension policy
Ayuso, Mercedes
Balancing mechanism
cross-country comparison
Lee-Carter
life expectancy indexation
Finance
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 5 - Gender Equality
SDG 10 - Reduced Inequalities
title_short Getting life expectancy estimates right for pension policy
title_full Getting life expectancy estimates right for pension policy
title_fullStr Getting life expectancy estimates right for pension policy
title_full_unstemmed Getting life expectancy estimates right for pension policy
title_sort Getting life expectancy estimates right for pension policy
author Ayuso, Mercedes
author_facet Ayuso, Mercedes
Bravo, Jorge Miguel
Holzmann, Robert
author_role author
author2 Bravo, Jorge Miguel
Holzmann, Robert
author2_role author
author
dc.contributor.none.fl_str_mv NOVA Information Management School (NOVA IMS)
Information Management Research Center (MagIC) - NOVA Information Management School
RUN
dc.contributor.author.fl_str_mv Ayuso, Mercedes
Bravo, Jorge Miguel
Holzmann, Robert
dc.subject.por.fl_str_mv Balancing mechanism
cross-country comparison
Lee-Carter
life expectancy indexation
Finance
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 5 - Gender Equality
SDG 10 - Reduced Inequalities
topic Balancing mechanism
cross-country comparison
Lee-Carter
life expectancy indexation
Finance
Economics and Econometrics
Organizational Behavior and Human Resource Management
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 5 - Gender Equality
SDG 10 - Reduced Inequalities
description Ayuso, M., Bravo, J. M., & Holzmann, R. (2021). Getting life expectancy estimates right for pension policy: Period versus cohort approach. Journal of Pension Economics and Finance, 20(2), 212-231. [Advanced online publication on 13 May, 2020]. https://doi.org/10.1017/S1474747220000050 . doi:10.1017/S1474747220000050
publishDate 2021
dc.date.none.fl_str_mv 2021-03-19T23:26:52Z
2021-04
2021-04-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/114134
url http://hdl.handle.net/10362/114134
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1474-7472
PURE: 18517636
https://doi.org/10.1017/S1474747220000050
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eu_rights_str_mv openAccess
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