Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171578
Authors: 
Bommier, Antoine
Leroux, Marie-Louise
Lozachmeur, Jean-Marie
Year of Publication: 
2010
Series/Report no.: 
Economics Working Paper Series 10/135
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 in the contexts of full information and asymmetric information on mortality rates.
Subjects: 
Uncertain Lifetime
Redistribution
Annuities
Nonlinear Taxation
JEL: 
H55
H23
I31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
885.16 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.