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Prodigality and myopia: two rationales for social security

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Pestieau, Pierre [UCL] Possen, Uri

Among the rationales for social security, there is the fact that some people have to be forced to save. To explain undersaving, rational prodigality and hyperbolic preferences are often cited but treated separably. In this paper we study those two particular behaviors that lead to forced saving within an optimal income tax second-best setting.

Type de document Document de travail (Working Paper)
Type d'accès Accès libre
Année de publication 2006
Collection CORE Discussion Papers - 2006/73
Affiliations UCL - CORE - Center for Operations Research and Econometrics
Mots-clés Social security ; Myopia ; Dual-self model ; Prodigality
Liens
Référence bibliographique Pestieau, Pierre ; Possen, Uri. Prodigality and myopia: two rationales for social security. CORE Discussion Papers ; 2006/73 (2006)
Permalien http://hdl.handle.net/2078.1/4526