Addressing Longevity’ Heterogeneity in Pension Scheme Design

Detalhes bibliográficos
Autor(a) principal: Ayuso, Mercedes
Data de Publicação: 2017
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: https://doi.org/10.12735/jfe.v6n1p1
Resumo: Ayuso, M., Bravo, J. M., & Holzmann, R. (2017). Addressing Longevity’ Heterogeneity in Pension Scheme Design. Journal of Finance and Economics, 6(1), 1-21. DOI: 10.12735/jfe.v6n1p1
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spelling Addressing Longevity’ Heterogeneity in Pension Scheme DesignDefined Contribution SchemeTwo-Tier Contribution StructureProxied Life ExpectancyTax/Subsidy StructureSDG 3 - Good Health and Well-beingAyuso, M., Bravo, J. M., & Holzmann, R. (2017). Addressing Longevity’ Heterogeneity in Pension Scheme Design. Journal of Finance and Economics, 6(1), 1-21. DOI: 10.12735/jfe.v6n1p1This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting redistributive objectives of pension schemes and distorting individual lifecycle labor supply and savings decisions; and that this in turn risks invalidating current reform approaches of a closer contribution-benefit link and life expectancy-indexed retirement age. The paper suggests and explores a number of interventions in the accumulation, benefit determination, and disbursement stages to address longevity’ heterogeneity.NOVA Information Management School (NOVA IMS)Information Management Research Center (MagIC) - NOVA Information Management SchoolRUNAyuso, MercedesBravo, Jorge MiguelHolzmann, Robert2018-02-20T23:18:27Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.12735/jfe.v6n1p1eng2291-4951PURE: 3623307http://www.todayscience.org/jfearticle?paper_id=495100064https://doi.org/10.12735/jfe.v6n1p1info: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:RCAAP2024-03-11T04:17:04Zoai:run.unl.pt:10362/30947Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:29:33.326514Repositório 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 Addressing Longevity’ Heterogeneity in Pension Scheme Design
title Addressing Longevity’ Heterogeneity in Pension Scheme Design
spellingShingle Addressing Longevity’ Heterogeneity in Pension Scheme Design
Ayuso, Mercedes
Defined Contribution Scheme
Two-Tier Contribution Structure
Proxied Life Expectancy
Tax/Subsidy Structure
SDG 3 - Good Health and Well-being
title_short Addressing Longevity’ Heterogeneity in Pension Scheme Design
title_full Addressing Longevity’ Heterogeneity in Pension Scheme Design
title_fullStr Addressing Longevity’ Heterogeneity in Pension Scheme Design
title_full_unstemmed Addressing Longevity’ Heterogeneity in Pension Scheme Design
title_sort Addressing Longevity’ Heterogeneity in Pension Scheme Design
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 Defined Contribution Scheme
Two-Tier Contribution Structure
Proxied Life Expectancy
Tax/Subsidy Structure
SDG 3 - Good Health and Well-being
topic Defined Contribution Scheme
Two-Tier Contribution Structure
Proxied Life Expectancy
Tax/Subsidy Structure
SDG 3 - Good Health and Well-being
description Ayuso, M., Bravo, J. M., & Holzmann, R. (2017). Addressing Longevity’ Heterogeneity in Pension Scheme Design. Journal of Finance and Economics, 6(1), 1-21. DOI: 10.12735/jfe.v6n1p1
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01T00:00:00Z
2018-02-20T23:18:27Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://doi.org/10.12735/jfe.v6n1p1
url https://doi.org/10.12735/jfe.v6n1p1
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 2291-4951
PURE: 3623307
http://www.todayscience.org/jfearticle?paper_id=495100064
https://doi.org/10.12735/jfe.v6n1p1
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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