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Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
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A real-effort experiment is conducted in order to detect preferences for one out of three different models of the Welfare State characterized by different tax-and-transfer schemes. We reproduce a small society in the lab where: Subjects are grouped in three stylized classes (the rich, the middle...
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paper provides an efficiency rationale for the inter-generational income redistribution focus of such programs in a … the old. This form of cross-cohort redistribution is an important, yet neglected, dimension in the ongoing debate about …
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