Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Bravo, J. & Ayuso, M. (2021). Linking pensions to life expectancy: Tackling conceptual uncertainty through bayesian model averaging. Mathematics. 9 (24)
Exportar Referência (IEEE) 
J. M. Bravo and M. Ayuso,  "Linking pensions to life expectancy: Tackling conceptual uncertainty through bayesian model averaging", in Mathematics, vol. 9, no. 24, 2021
Exportar BibTeX 
@article{bravo2021_1766474182409,
	author = "Bravo, J. and Ayuso, M.",
	title = "Linking pensions to life expectancy: Tackling conceptual uncertainty through bayesian model averaging",
	journal = "Mathematics",
	year = "2021",
	volume = "9",
	number = "24",
	doi = "10.3390/math9243307",
	url = "https://www.mdpi.com/journal/mathematics"
}
Exportar RIS 
TY  - JOUR
TI  - Linking pensions to life expectancy: Tackling conceptual uncertainty through bayesian model averaging
T2  - Mathematics
VL  - 9
IS  - 24
AU  - Bravo, J.
AU  - Ayuso, M.
PY  - 2021
SN  - 2227-7390
DO  - 10.3390/math9243307
UR  - https://www.mdpi.com/journal/mathematics
AB  - Linking pensions to longevity developments at retirement age has been one of the most common policy responses to pension schemes and aging populations. The introduction of automatic stabilizers is primarily motivated by cost containment objectives, but there are other dimensions of welfare restructuring in the politics of pension reforms, including recalibration, rationalization, and blame avoidance for unpopular policies that involve retrenchments. This paper examines the policy designs and implications of linking entry pensions to life expectancy developments through sustainability factors or life expectancy coefficients in Finland, Portugal, and Spain. To address conceptual and specification uncertainty in policymaking, we propose and apply a Bayesian model averaging approach to stochastic mortality modeling and life expectancy computation. The results show that: (i) sustainability factors will generate substantial pension entitlement reductions in the three countries analyzed; (ii) the magnitude of the pension losses depends on the factor design; (iii) to offset pension cuts and safeguard pension adequacy, individuals will have to prolong their working lives significantly; (iv) factor designs considering cohort longevity markers would have generated higher pension cuts in countries with increasing life expectancy gap
ER  -