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Verfasst von:Laps, Jochen [VerfasserIn]   i
Titel:Fully funded social security pensions, lifetime risk and income
Verf.angabe:Jochen Laps
Verlagsort:Heidelberg
Verlag:University of Heidelberg, Department of Economics
E-Jahr:2015
Jahr:November 3, 2015
Umfang:1 Online-Ressource (36 S.)
Gesamttitel/Reihe:Discussion paper series / University of Heidelberg, Department of Economics ; no. 603
Abstract:The paper analyzes the welfare consequences of insuring mortality risk by means of standard, fully funded Social Security pensions when individuals wish to make transfers to their heirs. In the presence of uninsured mortality risk, within-family transfers depend on realized lifespan. While crowding out private transfers, Social Security provides transfer insurance and insurance of the ex ante risk of future generations inheriting a particular amount of transfer wealth. We find that, once ex ante insurance is taken into account, Social Security is welfare improving over the long-run as long as capital is not too productive and the transfer motive is not too strong. Altruists gain far less from Social Security than egoists.
ComputerInfo:Systemvoraussetzung: PDF Reader.
URL:kostenfrei: Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-197378
 Volltext: http://hdl.handle.net/10419/127420
 10419/127420
URN:urn:nbn:de:bsz:16-heidok-197378
Datenträger:Online-Ressource
Sprache:eng
Sach-SW:Uninsured mortality risk
 social security pensions
 bequest motive
 bequest insurance
Form-SW:Arbeitspapier
 Graue Literatur
K10plus-PPN:83940977X
Verknüpfungen:→ Übergeordnete Aufnahme
 
 
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