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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/10003730377

Forced saving, redistribution, and nonlinear social security schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - In: Southern economic journal 76 (2009) 1, pp. 86-98

Persistent link: https://www.econbiz.de/10003880389

United but (un)equal : human capital, probability of divorce and the marriage contract

Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012

This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting … where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk … symmetric allocation will become more attractive as the probability of divorce increases, if risk aversion is high and/or labor …

Persistent link: https://www.econbiz.de/10009683129

Forced saving, redistribution and nonlinear social security schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

This paper studies the design of a nonlinear social security scheme in a society where individuals differ in two respects: productivity and degree of myopia. Myopic individuals may not save enoughʺ for their retirement because their myopic selfʺ emerges when labor supply and savings decisions...

Persistent link: https://www.econbiz.de/10003720340

Fertility, human capital accumulation, and the pension system

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2009

This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...

Persistent link: https://www.econbiz.de/10003872226

Education and social mobility

Cremer, Helmuth; De Donder, Philippe; Pestieau, Pierre - 2010

This paper shows that the design of education policy involves a potential conflict between welfare and social mobility. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas welfare maximization calls for the most elitist system. We...

Persistent link: https://www.econbiz.de/10003937813

Accidental bequests : a curse for the rich and a boon for the poor

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2010

When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...

Persistent link: https://www.econbiz.de/10003977422

Taxing sin goods and subsidizing health care

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

Persistent link: https://www.econbiz.de/10003711847

Income taxation of couples and the tax unit choice

Cremer, Helmuth (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003498581

Long-term care policy, myopia and redistribution

Cremer, Helmuth; Roeder, Kerstin - 2012

This paper examines whether myopia (misperception of the long-term care (LTC) risk) and private insurance market … ignorance concerning the risk of LTC (the former two being perfectly positively correlated). The decentralization of a first …

Persistent link: https://www.econbiz.de/10009570729