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- handle: 10670/1.uheoiw
- halshs: halshs-01053598
- doi: 10.1016/j.jmateco.2014.02.003
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jmateco.2014.02.003
Mots-clés
Compensation Longevity Mortality Fairness RedistributionSujets proches
Earnings Wage rates Wage-fund Departmental salaries Remuneration Pay Salaries Compensation Working class--Wages Superannuation Pension plans Compensation Retirement pensionsCiter ce document
Marc Fleurbaey et al., « Compensating the dead », HAL-SHS : économie et finance, ID : 10.1016/j.jmateco.2014.02.003
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Résumé
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue that, despite those difficulties, a compensation can be carried out by encouraging early consumption in the life cycle. In a model with heterogeneous preferences and longevities, we show how a specific social criterion can be derived from intuitive principles, and we study the corresponding optimal policy under various informational assumptions.