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An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has … ex ante, and cannot be compensated ex post. We argue that, despite the above difficulties, compensation can be carried …
Persistent link: https://www.econbiz.de/10008676068
. We consider two social objectives: (1) the maximin on expected lifetime welfare (ex ante), allowing for a compensation … for unequal life expectancies; (2) the maximin on realized lifetime welfare (ex post), allowing for a compensation for …
Persistent link: https://www.econbiz.de/10010738814
-lived agents, against any intuition of compensation. This paper proposes a remedy to that undesirable property of utilitarianism … exhibits a compensation of short-lived agents, under the form of a higher consumption. Then, in a general framework where …
Persistent link: https://www.econbiz.de/10010738941
intuition for compensation. We examine the robustness of that result to the introduction of risky lifetime, and to a broader …. This compensation-constrained utilitarianism is shown to reduce welfare inequalities across agents with unequal lifetimes. …
Persistent link: https://www.econbiz.de/10010608272
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has … ex ante, and cannot be compensated ex post. We argue that, despite the above difficulties, a compensation can be carried …
Persistent link: https://www.econbiz.de/10010930209
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has … ex ante, and cannot be compensated ex post. We argue that, despite those difficulties, a compensation can be carried out …
Persistent link: https://www.econbiz.de/10010875284
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/10012052766
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/10012024401
Persistent link: https://www.econbiz.de/10012214132
Persistent link: https://www.econbiz.de/10012215166