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Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Gregory - 2019

The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...

Persistent link: https://www.econbiz.de/10012024401

Premature deaths, accidental bequests and fairness

Fleurbaey, Marc; Leroux, Marie-Louise; Pestieau, Pierre; … - 2017

While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...

Persistent link: https://www.econbiz.de/10011778698

Should we subsidize longevity?

Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Gregory - 2009

This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...

Persistent link: https://www.econbiz.de/10003831970

Life expectancy and economic growth : the role of the demographic transition

Cervellati, Matteo; Sunde, Uwe - 2009

. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …

Persistent link: https://www.econbiz.de/10003837588

Uncertain longevity and investment in education

Sheshinski, Eytan - 2009

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity,...

Persistent link: https://www.econbiz.de/10003883894

Social security incidence under uncertainty assessing Italian reforms

Geron, Devis - 2009

This paper analyzes the welfare effects of the Italian social security system in an economy with uncertainty on wages, financial market returns and life expectancy. The introduction of a pension system reproducing the Italian statutory scheme turns out to decrease ex-ante individual welfare,...

Persistent link: https://www.econbiz.de/10003888079

Life expectancy and the environment

Mariani, Fabio; Pérez-Barahona, Agustín; Raffin, Natacha - 2009

We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...

Persistent link: https://www.econbiz.de/10003918946

The tragedy of annuitization

Heijdra, Ben J.; Mierau, Jochen O.; Reijnders, Laurie S. M. - 2010

We construct a tractable discrete-time overlapping generations model of a closed economy and use it to study government redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a positive probability of passing away before...

Persistent link: https://www.econbiz.de/10003994548

Human capital, mortality and fertility : a unified theory of the economic and demographic transition

Cervellati, Matteo (contributor); Sunde, Uwe (contributor) - 2007

children and type and intensity of investments in their own education. The interplay between different dimensions of mortality …

Persistent link: https://www.econbiz.de/10003591495

Inequality in individual mortality and economic conditions earlier in life

Berg, Gerard J. van den (contributor); … - 2006

We analyze the effect of being born in a recession on the mortality rate later in life in conjunction with social class … inequality measures. The results indicate that being born in a recession increases the mortality rate later in life for most of … the population. Lower social classes suffer disproportionally from being born in recessions. This exacerbates mortality …

Persistent link: https://www.econbiz.de/10003497911