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Bommier, Antoine
, Leroux, Marie-Louise and Lozachmeur, Jean-Marie
(2009)
On the Public Economics of Annuities with Differential Mortality.
TSE Working Paper, n. 09-021, Toulouse
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Abstract
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 successively in the context of full information and asymmetric information on mortality rates.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | March 2009 |
| Place of Publication: | Toulouse |
| JEL Classification: | H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies H55 - Social Security and Public Pensions I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 18 Jan 2012 06:01 |
| Last Modified: | 02 Apr 2021 15:36 |
| OAI Identifier: | oai:tse-fr.eu:22267 |
| URI: | https://publications.ut-capitole.fr/id/eprint/3301 |
