Template-type: ReDIF-Paper 1.0
Author-Name: Juan Manuel Pérez-Salamero González
Author-Email: juan.perez-salamero@uv.es
Author-Workplace-Name: Department of Financial Economics and Actuarial Science, University of Valencia.
Author-Name: Marta Regúlez-Castillo
Author-Email: marta.regulez@ehu.eus
Author-Workplace-Name: Department of Applied Economics III. University of the Basque Country (UPV/EHU).
Author-Name: Carlos Vidal-Meliá
Author-Email: carlos.vidal@uv.es
Author-Workplace-Name: Department of Financial Economics and Actuarial Science, University of Valencia. 
Title: Differences in life expectancy between self-employed workers and paid employees when retirement pensioners: evidence from Spanish social 
	security records
Abstract: The aim of this paper is to examine differences in life expectancy (LE) between selfemployed (SE) and paid employee (PE) workers when they 
	become retirement pensioners, looking at levels of pension income using administrative data from Spanish social security records. We draw on 
	the Continuous Sample of Working Lives (CSWL) to quantify changes in total life expectancy at ages 65 (LE65) and 75 (LE75) among retired men 
	over the longest possible period covered by this data source: 2005–2018. These changes are broken down by pension regime and pension income 
	level for three periods. Contrary to what has been observed in countries such as Italy, Finland and Japan, LE65 in Spain is slightly higher 
	for the self-employed than for the paid employees when retirement pensioners. For 2005-2010, a gap in life expectancy of 0.23 years between 
	SE and PE retirement pensioners is observed. This gap widens to 0.55 years for 2014–2018. A similar trend can be seen if pension income 
	groups are considered. For 2005-2010, the gap in LE65 between pensioners in the lowest and the highest income groups is 1.20 years. This gap 
	widens over time and reaches 1.51 years for 2014–2018. Although these differences are relatively small, they are statistically significant. 
	According to our research the implications for policy on social security are evident: differences in life expectancy by socioeconomic status 
	and pension regime should be taken into account for a variety of issues involving social security schemes, e.g. to establish the age of 
	eligibility for retirement pensions and early access to benefits, to compute the annuity factors used to determine initial retirement 
	benefits, and to value the liabilities taken on for retirement pensioners.
Classification-JEL: C81, H55, I14, J26.
Keywords: Continuous Sample of Working Lives; Life expectancy; Paid employees; Retirement; Self-employed; Spain.
Length: 27 pages 
Creation-Date: 2021-02
Number: 2021-04
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae2104.txt
File-URL: https://eprints.ucm.es/id/eprint/64219/1/2104.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:2104