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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/10003813601
This paper studies the problem of redistribution between individuals having different mortality rates. We use a continuous time model in which there are two types of individuals characterized by different survival probability paths. Individual preferences are represented by a generalized...
Persistent link: https://www.econbiz.de/10008748215
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
discuss aspects related to the objective function and argue that aversion to multiperiod inequality should be taken into … highlight the role of aversion to multiperiod inequality and show that it has substantial consequences on the design of Social … Security schemes. In particular, we show that for a low (resp. high) aversion to multiperiod inequality, a negative (resp …
Persistent link: https://www.econbiz.de/10008835068
those results in a dynamic OLG model of wealth accumulation, and show that, whereas the sign of the optimal tax on …
Persistent link: https://www.econbiz.de/10011778698
out by encouraging early consumption in the life cycle. In a model with heterogeneous preferences and longevities, we show …
Persistent link: https://www.econbiz.de/10008676068
We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. It is shown that uniform working time reductions, when uncompensated (i.e. constant hourly wage), can reduce inequalities in realized lifetime well-being between short-lived and long-lived...
Persistent link: https://www.econbiz.de/10011586259
Persistent link: https://www.econbiz.de/10011988560
Persistent link: https://www.econbiz.de/10012018397
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