Short summary:

Three reasons support the redistribution of resources towards agents with lower longevity: aversion to intertemporal inequality, aversion to the risk of death, and compensation for features for which agents cannot be held responsible. This article analyzes the implications of the existence of strong differences in longevity for the design of public policies, particularly those related to retirement, which usually redistribute resources from agents with short lives towards agents with longer lives.

Publication Authors: Marie-Louise Leroux, Pierre Pestieau and Grégory Ponthiere
Number: 14-03
Year: 2014

Scientific Publication: L’Actualité économique, 91(4).