Longevity, working lives and public finances Jukka Lassila and Tarmo Valkonen
By: Lassila, Jukka
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Contributor(s): Valkonen, Tarmo.
Material type: 
ArticlePublisher: 2018Subject(s): ESPERANZA DE VIDA | EDAD DE JUBILACION | PENSIONES | HACIENDA PUBLICAOnline resources: Click here to access online
In:
Contemporary Economic Policy v. 36, n. 3, July 2018, p. 467-482Summary: We find that linking statutory retirement ages to life expectancy is a promising way to extend working lives and generate enough tax revenues so that generations enjoying longer lifetimes can also pay for the consequent increase in pensions and public health and long-term care (LTC) expenditure. We use a numerical economic model, calibrated to the Finnish economy and demographics, in which mortality affects both retirement
ages and per capita use of health and LTC services. Uncertainty in mortality projections and the resulting uncertainties in public finances and retirement policy effects are considered explicitly.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
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| Artículos | IEF | IEF | OP 1634/2018/3-1 (Browse shelf) | Available | OP 1634/2018/3-1 |
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Resumen.
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We find that linking statutory retirement ages to life expectancy is a promising way to extend working lives and generate enough tax revenues so that generations enjoying longer lifetimes can also pay for the consequent increase in pensions and public health and long-term care (LTC) expenditure. We use a numerical economic model, calibrated to the Finnish economy and demographics, in which mortality affects both retirement
ages and per capita use of health and LTC services. Uncertainty in mortality projections and the resulting uncertainties in public finances and retirement policy effects are considered explicitly.
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