The Limited power of socioeconomic status to predict lifespan : Implications for pension policy

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      <subfield code="a">The Limited power of socioeconomic status to predict lifespan</subfield>
      <subfield code="b">: Implications for pension policy</subfield>
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      <subfield code="a">Differences in life expectancy across socioeconomic status are well known and many economists argue that they should be taken into account when designing pension systems. This paper analyses the relevance of using socioeconomic characteristics to differentiate the retirement age. Using US mortality rates assembled by Chetty et al. (2016), we simulate the lifespan distribution both across and within socioeconomic categories. Then, we analyze these categories' ability to predict the lifespan of individuals. Results suggest that socioeconomic status has a relatively limited predictive power, due to the huge lifespan heterogeneity within each of them.

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      <subfield code="a">Análisis socioeconómico</subfield>
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      <subfield code="a">Ageingnomics. Economia senior</subfield>
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      <subfield code="g">11/10/2021 Volumen 20 - 2021 , 13 p.</subfield>
      <subfield code="t">The Journal of the economics of ageing </subfield>
      <subfield code="d">Oxford : Elsevier ScienceDirect, 2021-</subfield>
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