Scandinavian Working Papers in Economics
Discussion Papers,
Statistics Norway, Research Department
No 859: Life expectancy and claiming behavior in a flexible pension system
Dennis Fredriksen (), Christian N. Brinch () and Ola L. Vestad ()
Additional contact information
Dennis Fredriksen: Statistics Norway
Abstract: We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public pension system, measuring incentives to claim based on an estimated model for expected longevity. Despite a strong correlation between incentives and claiming decisions, the additional costs to public budgets arising from this selection turn out to be modest. Based on analyses exploiting only variation in expected pensions generated by variation in parental longevities and only claiming of pensions not in conjunction with retirement, we conclude that part of the selection is active: Some individuals claim pensions early because they gain from doing so.
Keywords: social security; pension benefits; retirement; annuity
54 pages, May 2017
Full text files
307637
Questions (including download problems) about the papers in this series should be directed to L Maasø ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:ssb:dispap:859This page generated on 2024-10-30 04:36:30.