Unisex life care annuities embedded in a pay-as-you-go pension system: Analysing the issue of gender redistribution

Vidal‐Meliá, Carlos; Ventura-Marco, Manuel; Pla-Porcel, Javier

doi:10.1007/s12062-018-9229-3

Cited by 3 publications

(2 citation statements)

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“…Their analysis provides insights into how much it would cost to introduce these annuities into a preexisting framework. Vidal-Meliá et al (2019) extend the models devised by Pla-Porcel et al (2016, 2017 by analysing the issue of gender redistribution. Generally speaking, converting retirement benefit into an LCA with graded benefits within a pre-existing public PAYG pension scheme using gender-neutral annuity factors involves a big increase in ex-ante gender redistribution compared to a system without LTC coverage.…”

Section: -Literature Review: Bringing Together the Retirement And Ltc...mentioning

confidence: 96%

“… To analyse the issue of gender redistribution when using gender-neutral rates to compute the initial LCA benefit for couples. Generally speaking, converting retirement benefit into an LCA with graded benefits within a pre-existing public pay-as-you-go pension system using gender-neutral annuity factors involves a large increase in ex-ante gender redistribution compared to a system without LTC coverage (Vidal-Meliá et al, 2019). It would be useful to analyse the effect of using gender-neutral rates within the couple.…”

Section: -Conclusion and Future Researchmentioning

confidence: 99%

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Life care annuities to help couples cope with the cost of long-term care

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Section: -Literature Review: Bringing Together the Retirement And Ltc...mentioning

confidence: 96%

Section: -Conclusion and Future Researchmentioning

confidence: 99%

Life care annuities to help couples cope with the cost of long-term care

2022

Self Cite

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Joint life care annuities to help retired couples to finance the cost of long-term care

Ventura-Marco,

Vidal-Meliá,

Pérez-Salamero González

2023

Insurance: Mathematics and Economics

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How Does Mortality Contribute to Lifetime Pension Inequality? Evidence From Five Decades of Swedish Taxation Data

Shi

Kolk

2022

Demography

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As with many social transfer schemes, pension systems around the world are often progressive: individuals with lower incomes receive a higher percentage of their income as a subsequent pension. On the other hand, those with lower earnings have higher mortality and thus accumulate fewer years of pension income. Both of these opposing factors influence the progressiveness of pension systems. Empirical efforts to disentangle the effects of mortality inequality on lifetime pension inequality have been scarce. Using Swedish taxation data linked with death registers for 1970–2018, we study how education and preretirement earnings relate to lifetime pensions from age 60 onward and how mortality inequalities contribute to overall inequalities in lifetime pensions. The results show that a progressive replacement structure and mortality differences contribute to the overall distribution of pension payments over the life course. Up to one quarter of lifetime pension inequality is attributable to the greater longevity of socially advantaged groups—particularly among men. Hence, mortality inequalities are an important determinant of the overall degree of between-group income transfers in a pension system, but they are not as important as inequalities in prior earnings.

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Unisex life care annuities embedded in a pay-as-you-go pension system: Analysing the issue of gender redistribution

Cited by 3 publications

References 42 publications

Life care annuities to help couples cope with the cost of long-term care

Life care annuities to help couples cope with the cost of long-term care

Joint life care annuities to help retired couples to finance the cost of long-term care

How Does Mortality Contribute to Lifetime Pension Inequality? Evidence From Five Decades of Swedish Taxation Data

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