Old age or dependence. Which social insurance?

Yukihiro Nishimura () and Pierre Pestieau
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Yukihiro Nishimura: Graduate School of Economics, Osaka University

No 19-03, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: We consider a society where individuals differ according to their productivity and their risk of mortality and dependency. We show that ac-cording to the most reasonable estimates of correlations among these threecharacteristics, if one had to choose between a public pension system anda long-term care social insurance, the latter should be chosen by a utili-tarian social planner. With a Rawlsian planner, the balance between thetwo schemes does depend on the comparison between the probabilities ofthe worst off individual and the probabilities of the rest of society.

Keywords: long term care; pension; mortality risk; optimal taxation; liquidity constraints (search for similar items in EconPapers)
JEL-codes: H2 H5 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2019-04
New Economics Papers: this item is included in nep-age, nep-dem, nep-hea, nep-ias, nep-pbe and nep-rmg
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http://www2.econ.osaka-u.ac.jp/econ_society/dp/1903.pdf (application/pdf)

Related works:
Journal Article: Old age or dependence: Which social insurance? (2022)
Working Paper: Old age or dependence. Which social insurance? (2022)
Working Paper: Old age or dependence. Which social insurance? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1903

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