Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However …, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective …, reducing the level of actual redistribution across individuals. This paper investigates to what extent long-run redistribution …

Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However …, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective. In … role in welfare states with aging societies. This paper investigates to what extent long-run redistribution diverges from …

subjective mortality beliefs on the value of delayed claiming and the optimal claiming ages of retired workers. Using the Health …; however, the average variance of age of death calculated from subjective mortality tables is 6.2%-14.4% lower than that from … mortality beliefs. As a result, we conclude that subjective mortality beliefs alone cannot explain the prevalence of early …