NDC Schemes and Heterogeneity in Longevity : Proposals for Redesign

NDC Schemes and Heterogeneity in Longevity : Proposals for Redesign

A positive relationship between lifetime income and life expectancy leads to a redistribution mechanism when the average cohort life expectancy is applied for annuity calculation. Such a distortion puts into doubt the main features of the NDC (nonf...

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Bibliographic Details
Main Authors: Holzmann, Robert, Alonso-García, Jennifer, Labit-Hardy, Heloise, Villegas, Andrés M.
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
LIFE EXPECTANCY
PENSION SYSTEMS
GENDER
NONFINANCIAL DEFINED CONTRIBUTIONS
Online Access:http://documents.worldbank.org/curated/en/551391556883357303/NDC-Schemes-and-Heterogeneity-in-Longevity-Proposals-for-Redesign
http://hdl.handle.net/10986/31637

Internet

http://documents.worldbank.org/curated/en/551391556883357303/NDC-Schemes-and-Heterogeneity-in-Longevity-Proposals-for-Redesign
http://hdl.handle.net/10986/31637

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