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Should we subsidize longevity?
Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Grégory - 2009
function, and on how the government weights the welfare of heterogeneous agents. All in all, it might be desirable to tax …
Persistent link: https://www.econbiz.de/10010264609
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Forced saving, redistribution and nonlinear social security schemes
Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008
self" emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … myopic increases, the desirability of social security (measured by the difference between social welfare with and without …
Persistent link: https://www.econbiz.de/10010273777
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Habit formation and labor supply
Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to unretire, i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10010273778