Life Expectancy and Claiming Behavior in a Flexible Pension System

Autor:	Dennis Fredriksen, Ola Lotherington Vestad, Christian N. Brinch
Rok vydání:	2018
Předmět:	Economics and Econometrics Labour economics Public economics 05 social sciences Norwegian Pension system language.human_language Social security Incentive Annuity (American) 0502 economics and business Public pension Economics language Life expectancy 050207 economics 050205 econometrics
Zdroj:	The Scandinavian Journal of Economics. 120:979-1010
ISSN:	1467-9442 0347-0520
DOI:	10.1111/sjoe.12271
Popis:	We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public pension system, measuring incentives to claim based on an estimated model for expected longevity. Despite a strong correlation between incentives and claiming decisions, the additional costs to public budgets arising from this selection turn out to be modest. Based on analyses exploiting only variation in expected pensions generated by variation in parental longevities and only claiming of pensions not in conjunction with retirement, we conclude that part of the selection is active: Some individuals claim pensions early because they gain from doing so. This article is protected by copyright. All rights reserved.
Databáze:	OpenAIRE
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