CREMER, Helmuth; DE DONDER, Philippe; MALDONADO, Dario; … - Center for Operations Research and Econometrics (CORE), … - 2006
This paper studies the optimal linear pension scheme when society consists of rational and myopic individuals. Myopic individuals have, ex ante, a strong preference for the present even though, ex post, they would regret not to have saved enough. While rational and myopic persons share the same...