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

Research output: Chapter in Book/Report/Conference proceedingChapter


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 languageEnglish
Title of host publicationMathematical and Statistical Methods for Actuarial Sciences and Finance MAF 2022
PublisherSpringer Press
Number of pages6
Publication statusPublished - 12 Apr 2022

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