9/23/2023 0 Comments Middle ages life expectancy![]() Expected benefits are directly linked to the expected duration of time during which they will be enjoyed, i.e., the individual’s life expectancy. ![]() For a pension system to be actuarially fair, an individual’s contributions (plus interests) should equal the individual’s expected benefits. These data provide a proof of principle for the development of an actuarially fair method to determine statutory retirement ages.Īctuarial fairness is considered a key aspect of a just pension system ( Schokkaert and Van Parijs, 2003 De Tavernier, 2021) and can be understood as “equal treatment for equal risks” ( Landes, 2015, p. Thus, health differences between occupational domains today can be used as a means to tailor retirement ages to individuals’ risks of longevity. Health accounted for a substantial portion of the longevity difference, ranging from 20 to 66%, depending on the health indicator. Statutory retirement age could be made to vary accordingly, by allowing a proportionally greater pension build-up in the shorter-lived domains. Results show that the non-skilled general, technical and transport domains had an up to 3.5-year shorter life expectancy than the academic professions, accounting for the compositional characteristics age and gender. Occupation was based on longest-held job. Twentyseven-year survival follow-up data were used from the Dutch population-based Longitudinal Aging Study Amsterdam ( n = 2,531), initial ages 55–85 years. This study examines occupation-based differences in life expectancy and the extent to which health accounts for these differences. 2Centre for Comparative Welfare Studies, Aalborg University, Aalborg, Denmark.1Department of Epidemiology and Data Science, Amsterdam University Medical Centers, Vrije Universiteit Amsterdam, Amsterdam, Netherlands.Deeg 1* Wouter De Tavernier 2 Sascha de Breij 1
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