December 2017

23Dec

The Modern Tontine: An Innovative Instrument for Longevity Risk Management in an Aging Society

By Jan-Hendrik Weinert (Goethe University Frankfurt - Faculty of Economics and Business Administration) & Helmut Gründl (Goethe University Frankfurt - Department of Finance; International Center for Insurance Regulation) The changing social, financial and regulatory frameworks, such as an increasingly aging society, the current low interest rate environment, as well as the implementation of Solvency II, lead to the search for new product forms for private pension provision. In order to address the various issues, these new product forms should reduce...

December 23, 2017
Aging, Articles, Investing, Pension design, , , ,
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18Dec

Ndc Schemes and Heterogeneity in Longevity: Proposals for Redesign

By Robert Holzmann (University of Malaya; IZA Institute of Labor Economics; CESifo (Center for Economic Studies and Ifo Institute); World Bank), Jennifer Alonso-García (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)), Heloise Labit-Hardy (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)) & Andres Villegas (University of New South Wales (UNSW)) Strong and rising empirical evidence across countries finds that longevity is highly heterogeneous in...

December 18, 2017
Aging, Articles, Labor Market, ,
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November 2017

20Nov

The Rising Longevity Gap by Lifetime Earnings – Distributional Implications for the Pension System

By Peter Haan (DIW Berlin), Daniel Kemptner (DIW Berlin), Holger Lüthen (DIW Berlin) This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is increasing across cohorts. For West German men born 1926-28, the longevity gap between top and bottom...

November 20, 2017
Aging, Articles, Labor Market, Savings, Slider-Left, Uncategorized, ,
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