On the Policy Implications of Changing Longevity

29 Pages Posted: 12 Sep 2012

See all articles by Pierre Pestieau

Pierre Pestieau

University of Liège - Research Center on Public and Population Economics; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)

Gregory Ponthiere

Paris School of Economics (PSE)

Date Written: August 31, 2012

Abstract

Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on the design of optimal public policy. For that purpose, we firstly focus on some difficulties raised by risky and varying lifetime for the representation of individual and social preferences. Then, we explore some central implications of changing longevity for optimal policy making, regarding prevention against premature death, pension policies and long-term care.

Keywords: life expectancy, mortality, optimal public policy

JEL Classification: H210, H550, I120, I130, J100

Suggested Citation

Pestieau, Pierre and Ponthiere, Gregory, On the Policy Implications of Changing Longevity (August 31, 2012). CESifo Working Paper Series No. 3926, Available at SSRN: https://ssrn.com/abstract=2144622 or http://dx.doi.org/10.2139/ssrn.2144622

Pierre Pestieau (Contact Author)

University of Liège - Research Center on Public and Population Economics ( email )

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Centre for Economic Policy Research (CEPR)

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CESifo (Center for Economic Studies and Ifo Institute)

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Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE) ( email )

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Louvain la Neuve
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Gregory Ponthiere

Paris School of Economics (PSE) ( email )

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Paris, 75014 75014
France

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