FLEURBAEY, Marc; LEROUX, Marie-Louise; PESTIEAU, Pierre; … - Center for Operations Research and Econometrics (CORE), … - 2013
A premature death unexpectedly brings a life and a career to their end, leading to substantial welfare losses. We study the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima. We consider two social objectives: (1) the maximin on...