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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias - 2011
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...
Persistent link: https://www.econbiz.de/10013118350
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Gender Wage and Longevity Gaps and the Design of Retirement Systems
Barigozzi, Francesca; Cremer, Helmuth; Lozachmeur, … - 2021
We study the design of pension benefits for male and female workers. Women live longer than men but have a lower wage. Individuals can be single or live in couples who pool their incomes. Social welfare is utilitarian but an increasing concave transformation of individuals’ lifetime utilities...
Persistent link: https://www.econbiz.de/10013224069
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Inequality, Life Expectancy, and the Intragenerational Redistribution Puzzle - Some Experimental Evidence
Krieger, Tim; Meemann, Christine; Traub, Stefan - 2022
relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security … system. We find that mortality risk, when negatively correlated with entitlements, significantly lowers subjects’ willingness …
Persistent link: https://www.econbiz.de/10013292508
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Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age
Bravo, Jorge Miguel; Ayuso, Mercedes; Holzmann, Robert; … - 2021
expectancy uses a Bayesian Model Ensemble approach to stochastic mortality modelling to generate forecasts of intergenerationally …
Persistent link: https://www.econbiz.de/10013314670
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Endogenous Longevity and Optimal Tax Progressivity
Heer, Burkhard; Rohrbacher, Stefan - 2021
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...
Persistent link: https://www.econbiz.de/10013314957
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Endogenous differential mortality, non-contractible effort and non linear taxation
Leroux, Marie-Louise - 2009
This paper studies a problem of non linear taxation when individuals have different longevities resulting from a non-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find that the laissez-faire level of effort is too...
Persistent link: https://www.econbiz.de/10010264575
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Should we subsidize longevity?
Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Grégory - 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/10010264609
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On the policy implications of changing longevity
Pestieau, Pierre; Ponthiere, Grégory - 2012
Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on...
Persistent link: https://www.econbiz.de/10010288249
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Vaccination Lottery
Kim, Duk Gyoo - 2021
Ohio announced a Vax-a-Million Lottery in May 2021 to encourage people vaccinated. If people may avoid vaccination … because (1) they worry about rare but critical side effects or (2) they want to free ride on herd immunity, the vaccination … effectiveness of the vaccination lottery over a lump-sum transfer. Overall, vaccination lottery works better, and it particularly …
Persistent link: https://www.econbiz.de/10013216770
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The Tortoise and the Hare : The Race between Vaccine Rollout and New Covid Variants
Turner, David; Guillemette, Yvan; Égert, Balázs; … - 2021
effective reproduction numbers by up to 90%. Meanwhile, many countries are rolling out vaccination programmes, but at varying … speeds. Hence the race is on to beat the variants with the vaccines. Vaccination is very powerful at reducing virus … to raise GDP by about 4-5%. Quick vaccination would thus help limit the extent to which containment policies need to be …
Persistent link: https://www.econbiz.de/10013222192