A Fixed Career Length Versus a Fixed Retirement Age: An Analysis per Socio-Economic Groups

María Del Carmen Boado-Penas; Pierre Devolder; Şule Şahin; Carlos Sunyer

doi:10.1007/978-3-030-99638-3_19

A Fixed Career Length Versus a Fixed Retirement Age: An Analysis per Socio-Economic Groups

María Del Carmen Boado-Penas, Pierre Devolder, Şule Şahin, Carlos Sunyer

The York Management School

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio-economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

Original language	English
Title of host publication	Mathematical and Statistical Methods for Actuarial Sciences and Finance MAF 2022
Publisher	Springer Press
Pages	115-120
Number of pages	6
DOIs	https://doi.org/10.1007/978-3-030-99638-3_19
Publication status	Published - 12 Apr 2022

Access to Document

10.1007/978-3-030-99638-3_19

Cite this

@inbook{da2c6df95131474e8040bf130ecd4b76,

title = "A Fixed Career Length Versus a Fixed Retirement Age: An Analysis per Socio-Economic Groups",

abstract = "An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio-economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.",

author = "Boado-Penas, {Mar{\'i}a Del Carmen} and Pierre Devolder and {\c S}ule {\c S}ahin and Carlos Sunyer",

year = "2022",

month = apr,

day = "12",

doi = "10.1007/978-3-030-99638-3_19",

language = "English",

pages = "115--120",

booktitle = "Mathematical and Statistical Methods for Actuarial Sciences and Finance MAF 2022",

publisher = "Springer Press",

}

TY - CHAP

T1 - A Fixed Career Length Versus a Fixed Retirement Age: An Analysis per Socio-Economic Groups

AU - Boado-Penas, María Del Carmen

AU - Devolder, Pierre

AU - Şahin, Şule

AU - Sunyer, Carlos

PY - 2022/4/12

Y1 - 2022/4/12

N2 - An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio-economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

AB - An increase in pension age is one of the most common reforms to restore the financial sustainability of the pension scheme. However, this measure might damage individuals from lower socio-economic groups who, on average, have shorter life expectancy. This paper aims to analyse to what extent a fixed reference career duration instead of a reference retirement age acts as an automatic balancing mechanism that contributes to strength the actuarial fairness/equity in the current public pension schemes and mitigate the inequality among different socio-economic groups.

U2 - 10.1007/978-3-030-99638-3_19

DO - 10.1007/978-3-030-99638-3_19

M3 - Chapter

SP - 115

EP - 120

BT - Mathematical and Statistical Methods for Actuarial Sciences and Finance MAF 2022

PB - Springer Press

ER -