Uncertain demographics, longevity adjustment of the retirement age, and intergenerational risk sharing

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Uncertain demographics, longevity adjustment of the retirement age, and intergenerational risk sharing

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Title: Uncertain demographics, longevity adjustment of the retirement age, and intergenerational risk sharing
Author: Hougaard Jensen, Svend E.; Hagen Jørgensen, Ole
Abstract: Under existing welfare arrangements, an increase in life expectancy may pose a serious threat to fiscal sustainability, and it may have dramatic effects on the intergenerational distribution of welfare. This paper finds that such effects may be countered through a policy which links the retirement age to changes in life expectancy. Fiscal Policy, Longevity Adjustment, Ageing, Pensions,Welfare Reform.
URI: http://hdl.handle.net/10398/7694
Date: 2007-11-23

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