This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of time-limited pension insurance, we consider a model where for...

This study deals with a specific implication of adverse selection for annuity pricing. Varying the time path of the payoffs over the retirement periods affects the annuity demand and welfare of individuals with low and with high life expectancy in different ways. Therefore they can be separated...

This study offers a theoretical discussion of equity and efficiency aspects of income taxation. The analysis is carried out on two levels. The first one concerns the axiomatic derivation of certain tax principles in the framework of social choice theory. Normative characterizations of the two...

Main description: Der Tagungsband 2003 des Finanzwissenschaftlichen Ausschusses zum Thema "Finanzpolitik und Umverteilung" bietet einen kompetenten Überblick über neuere Entwicklungen auf dem politisch aktuellen Forschungsfeld der Umverteilungspolitik, den in dieser synoptischen und kompakten...