1 / 6

Understanding Pension Systems: Historical Insights and Modern Implications

The concept of pension originates from the 14th century, primarily defined as a fixed sum paid regularly to individuals, often in retirement. This article explores the evolution of pension systems, highlighting the disparities in life expectancy between genders, particularly in Israel, where 86% of men and 92% of women reach age 65. It delves into recent studies that analyze mortality changes and factors affecting pension levels, revealing significant implications for future retirees. Understanding these dynamics is crucial for ensuring sustainable pension funding and equitable support for all retirees.

odin
Télécharger la présentation

Understanding Pension Systems: Historical Insights and Modern Implications

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Pension:Merriam –Webster • Date: 14th century • 1\ˈpen(t)-shən\: a fixed sum paid regularly to a person: aarchaic:wage • b: a gratuity granted (as by a government) as a favor or reward • c: one paid under given conditions to a person following retirement from service or to surviving dependents

  2. SURVIVRS- Men in Israel86% will reach the age of 65. Life expectancy in birth: 81.8 years: 2004-8

  3. Survivors: Israeli Women92% will reach the age of 65.life expectancy at birth (2004-8) 20.3 years

  4. Changes in mortality fulfill: Monotone Likelihood Ratio (MLR),presented by Landsberger and Meilijson, JET, 1990. Let x measure age at death. The function g(x) describes mortality risk in period 1989 -1993, and f(x) mortality risk in 2004-2008. MLR requires that the ratio g(x)/f(x) is non-increasing with x.

  5. Factors explaining the pension level. average pension: 1300 USA $ N=885 R square=0.18

  6. Inequality in Life expectancy Following 7986 retired women and 7329 retired men for 5 years we got:

More Related