Time-Inconsistent Preferences, Retirement, and Increasing Life Expectancy
نویسندگان
چکیده
منابع مشابه
Healthy Life Expectancy: Estimates and Implications for Retirement Age Policy
The simultaneous growth in longevity and mounting budget deficits in the U.S. have increased interest in raising the age of eligibility for public health and retirement benefits. The consequences of this policy depend on the health of the near elderly, and on the distribution of health by demographic group. We first describe healthy life expectancy at age 62 by sex, race, and education. Healthy...
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It has been proposed that life expectancy could linearly increase in the next decades and that median longevity of the youngest birth cohorts could reach 105 years or more. These forecasts have been criticized but it seems that their implications for future maximal lifespan (i.e. the lifespan of the last survivors) have not been considered. These implications make these forecasts untenable and ...
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This paper provides a revealed preference characterisation of quasi-hyperbolic discounting which is designed to be applied to readily-available expenditure surveys. We describe necessary and sufficient conditions for the leading forms of the model and also explore the consequences the restrictions on preferences popularly used in empirical lifecycle consumption models. Using data from a househo...
متن کاملIncreased Life Expectancy from Positive Perceptions of Retirement
Studies on the relationship between retirement and subsequent health, including longevity, have produced mixed findings. One reason may be that these studies have treated retirement as a uniform event. In contrast, we examine whether individuals’ attitude toward retirement (ATR) can impact longevity. As predicted, we found that participants with positive ATR at the start of the study lived long...
متن کاملShould retirement age be coupled to life expectancy ?
Increasing every year the retirement age by the same amount as the increase of the life expectancy gives roughly stable ratios of the number of retired to working-age people in industrialized countries. Continuous influx of immigrants, below one percent per year of the total population, is needed for this stabilization. The increase of the life expectancy (at birth) over the last centuries in t...
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ژورنال
عنوان ژورنال: Mathematical Problems in Engineering
سال: 2019
ISSN: 1024-123X,1563-5147
DOI: 10.1155/2019/8681471