ORBi: Detailed Reference

Article (Scientific journals)

Old age or dependence. Which social insurance?

Nishimura, Yukihiro; Pestieau, Pierre

2023 • In Journal of Public Economic Theory

Peer Reviewed verified by ORBi

Permalink
https://hdl.handle.net/2268/268047

DOI
10.1111/jpet.12571

Files (1)Send to Details Statistics Bibliography Similar publications

Files

Full Text

NP.JPET.pdf

Author preprint (141.12 kB)

All documents in ORBi are protected by a user license.

Send to

RIS BibTex APA Chicago Permalink X Linkedin

Details

Keywords :

long term care; pensions; dependency risk

Abstract :

[en] We consider a society where individuals differ according to their pro- ductivity and their risks of mortality and dependency. We show that according to the most reasonable estimates of correlations among these three characteristics, if one had to choose between a public pension sys- tem and a long-term care social insurance, the latter should be chosen by a utilitarian social planner. For a Rawlsian planner, the balance between the two schemes does depend on a comparison of the ratio of the survival probability to the dependence risk of the poor with its population average.

Disciplines :

Economic systems & public economics

Author, co-author :

Nishimura, Yukihiro

Pestieau, Pierre ; Université de Liège - ULiège > HEC Liège > HEC Liège

Language :

English

Title :

Old age or dependence. Which social insurance?

Publication date :

2023

Journal title :

Journal of Public Economic Theory

ISSN :

1097-3923

eISSN :

1467-9779

Publisher :

Wiley, Malden, United States - Massachusetts

Peer reviewed :

Peer Reviewed verified by ORBi

Available on ORBi :

since 10 February 2022

Statistics

Number of views

106 (5 by ULiège)

Number of downloads

97 (3 by ULiège)

More statistics

Scopus citations^®

2

Scopus citations^®
without self-citations

1

OpenCitations

1

OpenAlex citations

3

publications

3

supporting

0

mentioning

6

contrasting

0

Smart Citations

3

0

6

0

Citing PublicationsSupportingMentioningContrasting

See how this article has been cited at scite.ai

scite shows how a scientific paper has been cited by providing the context of the citation, a classification describing whether it supports, mentions, or contrasts the cited claim, and a label indicating in which section the citation was made.

Bibliography

Ameriks, J., Briggs, J., Caplin, A., Shapiro, M. D., & Tonetti, C. (2020). Long-term-care utility and late-in-life saving. Journal of Political Economy, 128(6), 2375–2451.
Bolin, K., Lindgren, B., & Lundborg, P. (2008). Informal and formal care among single-living elderly in Europe. Health Economics, 17(3), 393–409.
Buckner, L., & Yeandle, S. (2011). Valuing carers 2011–Calculating the value of carers' support. Carers. https://www.carersuk.org/component/cck/?task=download%26file=policy_file%26id=5458
Cremer, H., Lozachmeur, J.-M., & Pestieau, P. (2010). Collective annuities and redistribution. Journal of Public Economic Theory, 12(1), 23–41.
Cremer, H., & Pestieau, P. (2014). Social long-term care insurance and redistribution. International Tax and Public Finance, 21(6), 955–974.
De Donder, P., & Leroux, M.-L. (2021). Long term care insurance with state-dependent preferences (Working Paper No. 1061). Toulouse School of Economics, Toulouse.
Finkelstein, A., Luttmer, E., & Notowidigdo, M. (2013). What good is wealth without health? The effect of health on the marginal utility of consumption. Journal of the European Economic Association, 11(S1), 221–258.
Hellwig, M. F. (1986). The optimal linear income tax revisited. Journal of Public Economics, 31(2), 163–179.
Koijen, R., Van Nieuwerburgh, S., & Yogo, M. (2016). Health and mortality delta: Assessing the welfare cost of household insurance choice. Journal of Finance, 71(2), 957–1009.
Lefebvre, M., Perelman, S., & Schoenmaeckers, J. (2018). Inégalités face à la mort et au risque de dépendance. Revue Française d'Économie, 33(2), 75–111.
Leroux, M.-L., Pestieau, P., & Ponthiere, G. (2021). Fair long-term care insurance. Social Choice and Welfare, 57(3), 503–533.
Lillard, L., & Weiss, Y. (1997). Uncertain health and survival: Effects on end-of-life consumption. Journal of Business & Economic Statistics, 15(2), 254–268.
Mirrlees, J. (1971). An exploration in the theory of optimum income taxation. Review of Economic Studies, 38(2), 175–208.
Nishimura, Y., & Pestieau, P. (2016). Efficient taxation with differential risks of dependence and mortality. Economics Bulletin, 36(1), 52–57.
Norton, E. (2016). Health and long-term care. In Piggott, J., & Woodland, A. (Eds.), Handbook of the economics of population aging (Vol. 1B, pp. 951–989). Elsevier Science B.V.
OECD. (2019a). Pensions at a glance 2019. OECD.
OECD. (2019b). Health at a glance 2019. OECD.
Rochet, J.-C. (1991). Incentives, redistribution and social insurance. Geneva Papers on Risk and Insurance Theory, 16(2), 143–165.
Sheshinski, E. (1972). The optimal linear income-tax. Review of Economic Studies, 39(3), 297–302.

Similar publications

Sorry the service is unavailable at the moment. Please try again later.