Fleurbaey, Marc; Leroux, Marie-Louise; Ponthière, Grégory - HAL - 2010
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has … ex ante, and cannot be compensated ex post. We argue that, despite the above difficulties, a compensation can be carried … out by encouraging early consumption in the life cycle. In a model with heterogeneous preferences and longevities, we show …