Life expectancy at retirement and income in Chile

ABSTRACT

Using a sample of over 579 thousand workers that retired under the annuity system in Chile, we find that, conditional on reaching retirement age, there is a three-year difference in life expectancy between the lower and higher income groups in both men and women.

KEYWORDS:

• Retirement
• life expectancy
• Chile
• gender differences

JEL CLASSIFICATION:

• D31
• J26

Acknowldgement

We thank G. Alves and P. Comelatto for comments and J. Rojas, V. Martínez, and H. Mena for relentless support. We thank Corporación Andina de Fomento for financial support. The usual disclaimer applies.

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

¹ The data are recorded in UFs, an inflation-adjusted accounting unit.

² The statutory retirement age is 65/60 years old for men/women.

³ For more analysis on this issue, see Edwards et al. (2020).