On the public economics of annuities with differential mortality

A-Tier
Journal: Journal of Public Economics
Year: 2011
Volume: 95
Issue: 7
Pages: 612-623

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:pubeco:v:95:y:2011:i:7:p:612-623
Journal Field
Public
Author Count
3
Added to Database
2026-01-24