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nonredistributive plan that accounts for differences in mortality, US Social Security reduces regressivity from longevity differences …
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well-chosen cap has an additional advantage: it limits the unintended income redistribution from the short-lived to the … cap on the social welfare and the unintended income redistribution. …
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This paper analyzes the effect of public pension system on lifespan and happiness level using optimal longevity model. This paper found the following. Public pension system can make life expectancy longer, however, the extension of lifespan caused by the public pension, not by own decision,...
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