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Endogenous differential mortality, non-contractible effort and non linear taxation
Leroux, Marie-Louise - 2009
-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find … that the laissez-faire level of effort is too high compared with the first best, because individuals do not internalize the … impact of survival on the return of their savings. We also claim that because of its non-monetary form, effort is not …
Persistent link: https://www.econbiz.de/10010264575
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Endogenous differential mortality, non monitored effort and optimal non linear taxation
LEROUX, Marie-Louise - Center for Operations Research and Econometrics (CORE), … - 2008
a non-monetary effort but have different taste for effort. As benchmarks, we first present the laissez-faire and the … first best. In the first best, the level of effort is always lower than in the laissez-faire as the social planner takes … into account the consequences of higher survival on the budget constraint. However, since we suppose that effort is private …
Persistent link: https://www.econbiz.de/10005008665
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Endogenous differential mortality, non-contractible effort and non linear taxation
Leroux, Marie-Louise - 2009
negative tax on annuities. Interestingly, our results depend on the value of life. -- Annuities ; effort ; differential …-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find … that the laissez-faire level of effort is too high compared with the first best, because individuals do not internalize the …
Persistent link: https://www.econbiz.de/10003813601
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Endogenous differential mortality, non-contractible effort and non-linear taxation
Leroux, Marie-Louise - In: International Tax and Public Finance 18 (2011) 1, pp. 56-73
Persistent link: https://www.econbiz.de/10008926046
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The distributional implications of pension benefit indexation
Andersen, Torben M.; Jørgensen, Cecilie Marie Løchte - 2024
Socio-economic differences in longevity have fuelled a debate whether pension systems have a regressive bias favouring groups with a high life expectancy. We show that the distributional implications of such pooling depend critically on the benefit profile across age/time, which in turn is...
Persistent link: https://www.econbiz.de/10014470411
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Endogenous Differential Mortality, Non-Contractible Effort and Non Linear Taxation
Leroux, M.‐L. - 2009
-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find … that the laissez-faire level of effort is too high compared with the first best, because individuals do not internalize the … impact of survival on the return of their savings. We also claim that because of its non-monetary form, effort is not …
Persistent link: https://www.econbiz.de/10012764527
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Optimal choice of health and retirement in a life-cycle model
Kuhn, Michael; Wrzaczek, Stefan; Prskawetz, Alexia; … - Institut für Wirtschaftsmathematik, Technische … - 2012
We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via morbidity, determining the disutility of work, and...
Persistent link: https://www.econbiz.de/10010954479
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Optimal Choice of Health and Retirement in a Life-Cycle Model
Kuhn, Michael; Wrzaczek, Stefan; Prskawetz, Alexia; … - Verein für Socialpolitik - VfS - 2011
We examine within a life-cycle set-up the choice of health and retirement. Health care contributes to a reduction in both mortality, determining the need to accumulate retirement wealth, and in morbidity, determining the disutility of work. The retirement age affects health through the value of...
Persistent link: https://www.econbiz.de/10010957304
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Optimal Choice of Health and Retirement in a Life-Cycle Model
Kuhn, Michael; Wrzaczek, Stefan; Prskawetz, Alexia; … - 2011
We examine within a life-cycle set-up the choice of health and retirement. Health care contributes to a reduction in both mortality, determining the need to accumulate retirement wealth, and in morbidity, determining the disutility of work. The retirement age affects health through the value of...
Persistent link: https://www.econbiz.de/10010305917
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Optimal choice of health and retirement in a life-cycle model
Kuhn, Michael; Wrzaczek, Stefan; Prskawetz, Alexia; … - 2012
We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via morbidity, determining the disutility of work, and...
Persistent link: https://www.econbiz.de/10010311000