Compensating the dead
Marc Fleurbaey
- Fonction : Auteur
- PersonId : 741339
- IdHAL : marc-fleurbaey
- ORCID : 0000-0002-5342-8065
- IdRef : 029286719
Grégory Ponthière
- Fonction : Auteur
- PersonId : 1129355
- ORCID : 0000-0002-7328-4441
- IdRef : 189782714
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Compensating the dead
|
Résumé |
en
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.
|
Auteur(s) |
Marc Fleurbaey
1
, Marie-Louise Leroux
2, 3, 4
, Grégory Ponthière
5, 6
1
Woodrow Wilson School and Center for Human Values
( 251046 )
- 326 Wallace Hall, NJ 08544, Princeton
- États-Unis
2
CORE -
Center of Operation Research and Econometrics [Louvain]
( 48233 )
- 34, Voie du Roman Pays B-1348 Louvain-la-Neuve
- Belgique
3
CESifo
( 143566 )
- Allemagne
4
CIRPEE -
Centre interuniversitaire sur le risque, les politiques économiques et l'emploi
( 129434 )
- 3000, chemin de la Côte-Sainte-Catherine, Montréal (Québec) CANADA H3T 2A7
- Canada
5
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
6
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Non spécifiée
|
Date de publication |
2014-03
|
Volume |
51
|
Page/Identifiant |
28-41
|
Domaine(s) |
|
Financement |
|
Mots-clés |
en
Compensation, Longevity, Mortality, Fairness, Redistribution
|
DOI | 10.1016/j.jmateco.2014.02.003 |
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