Cremer, Helmuth; De Donder, Philippe - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014
Individuals, differing in productivity and life expectancy, vote over the size and type of a collective annuity. Its type is represented by the fraction of the contributive (Bismarckian) component (based on the workers past earnings) as opposed to the non- contributive (Beveridgean) part (based...
