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Fair Pension Policies with Occupation-Specific Aging
Grossmann, Volker; Schünemann, Johannes; Strulik, Holger - 2021
We discuss public pension systems in a multi-period overlapping generations model with gerontologically founded human aging and a special focus on occupation-specific morbidity and mortality. We examine how distinct replacement rates for white-collar and blue-collar workers and early retirement...
Persistent link: https://www.econbiz.de/10013219069
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Intragenerational Inequality Aversion and Intergenerational Equity
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2021
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10013239334
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Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age
Bravo, Jorge Miguel; Ayuso, Mercedes; Holzmann, Robert; … - 2021
to life expectancy developments while respecting the principles of intergenerational actuarial fairness and neutrality …
Persistent link: https://www.econbiz.de/10013314670
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Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy
González, Beatriz; Nuno, Galo; Thaler, Dominik; … - 2021
We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...
Persistent link: https://www.econbiz.de/10013311708
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Incorporating Inequality Aversion in Health-Care Priority Setting
Costa-Font, Joan - 2019
Although measures of sensitivity to inequality are important in judging the welfare effects of health-care programmes, it is far from straightforward how to elicit them and apply them in health-care decision making. This paper provides an overview of the literature on the measurement of...
Persistent link: https://www.econbiz.de/10012892077
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Fair Long-Term Care Insurance
Leroux, M.‐L. - 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/10012866386
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Complexity and Distributive Fairness Interact in Affecting Compliance Behavior
Bellemare, Charles - 2019
intrinsically linked to distributive fairness. We find that compliance remains largely unaffected by complexity when income taxes …
Persistent link: https://www.econbiz.de/10012860571
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Meta-Analysis of Inequality Aversion Estimates
Nunnari, Salvatore; Pozzi, Massimiliano - 2022
We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...
Persistent link: https://www.econbiz.de/10014080048
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Optimal and Fair Prizing in Sequential Round-Robin Tournaments : Experimental Evidence
Lauber, Arne; March, Christoph; Sahm, Marco - 2022
the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three … players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the first prize. While theory predicts … advantaged in the 100%-treatment and disadvantaged in the 0%-treatment. Also in line with the theory, we identify a strategic …
Persistent link: https://www.econbiz.de/10013293842
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Behavioural Responses to Unfair Institutions : Experimental Evidence on Rule Compliance, Norm Polarisation and Trust
Columbus, Simon; Kasper, Matthias; Feld, Lars P.; … - 2023
This study investigates the effects of unfair enforcement of institutional rules on public good contributions, personal and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce rule compliance compared to fair institutions. However,...
Persistent link: https://www.econbiz.de/10014345629