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For pay-as-you-go financed pension systems, claims may be calculated according to individual contributions (income) or … the number of children of a family. We analyse the optimal structure of these parameters in a model with endogenous … intragenerational utility maximisation. Thus, pure systems are always welfare maximizing. Furthermore, children-related pension claims …
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In this paper we analyse the possibility to construct intergenerational criteria of choice within the framework of methodological individualism. The main result of this analysis is, that intergenerational criteria as an aggregation of preferences of current and future individuals do not exist....
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