is neutral with respect to risk heterogeneity; b) an actuarially-fair scheme where low-ability and low-earnings subjects …

actuarially-fair incentives in the case of postponed retirement. Social Security faces a trade-off between giving enough …

uncertain length of life. We also analyze how a fully funded and actuarially fair Social Security affects the desire to …

It is often argued that the tax on continued work should be removed by implementing actuarially fair schemes. However … of the marginal actuarially fair incentives in case of postponed retirement. Social Security then faces a tradeoff …

activity would disappear with an actuarially fair system that links replacement rates to retirement age. However, by definition …, actuarially fair schemes are unable to finance the expected Social Security deficit. Policy makers then face a dilemma between a … of the French economy in order to illustrate the relationship between the tax on continued activity, the actuarially fair …

the financial stability of the system. It is often argued that this tax could be removed by implementing actuarially fair … schemes. However, by defimtion, actuarially fair benefits cannot help fund the expected Social Security deficit due to … demographic changes. This aper proposes to give individuals only a fraction of the marginal actuarially fair incentives in case of …