2021 MAY 04 (NewsRx) -- By a
Our news journalists obtained a quote from the research from Catholic University Louvain (UCLouvain), “This paper revisits the design of optimal LTC insurance while adopting two egalitarian social criteria-ex ante and ex post egalitarianism-which give priority to the worst-off either in expected or in realized terms. Using a lifecycle model with risk about the duration of life and risk about old-age dependence, it is shown that the optimal second-best insurance under the ex ante egalitarian criterion involves, in comparison to utilitarianism, higher LTC and pension benefits and higher tax rates on savings and on labor earnings.”
According to the news editors, the research concluded: “In comparison to ex ante egalitarianism, ex post egalitarianism involves lower LTC and pension benefits, a higher tax on savings and a lower tax rate on labor earnings, in order to increase consumption of the young, who include persons who will turn out to be short-lived.”
This research has been peer-reviewed.
For more information on this research see:
Our news journalists report that additional information may be obtained by contacting Gregory Ponthiere, Catholic University Louvain (UCLouvain), Coll Dupriez, Pl Montesquieu, B-1348
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s00355-021-01324-z. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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