On the public economics of annuities with differential mortality

被引：16

作者：

Bommier, Antoine ^{[2
]}

Leroux, Marie-Louise ^{[3
]}

Lozachmeur, Jean-Marie ^{[1
,4
]}

机构：

[1] CNRS GREMAQ, Toulouse Sch Econ, F-31000 Toulouse, France

[2] ETH, Dept Management Technol & Econ, Zurich, Switzerland

[3] Catholic Univ Louvain, CORE, Louvain, Belgium

[4] IDEI, F-31000 Toulouse, France

来源：

JOURNAL OF PUBLIC ECONOMICS | 2011年 / 95卷 / 7-8期

关键词：

Uncertain Lifetime; Redistribution; Annuities; Nonlinear Taxation; UNCERTAIN LIFETIME; RISK-AVERSION;

D O I：

10.1016/j.jpubeco.2010.11.020

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the problem of redistribution between individuals having different mortality rates. We use a continuous time model in which there are two types of individuals characterized by different survival probability paths. Individual preferences are represented by a generalized life-cycle utility function which can exhibit temporal risk aversion. We successively compare utilitarian allocations when individuals exhibit temporal risk neutrality and temporal risk aversion. This problem is analyzed in the contexts of full information and asymmetric information on mortality rates. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：612 / 623

页数：12

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