|Reference : Prodigality and Myopia - Two Rationales for Social Security|
|Scientific journals : Article|
|Business & economic sciences : Economic systems & public economics|
|Prodigality and Myopia - Two Rationales for Social Security|
|Possen, Uri [Cornell University > > > >]|
|Pestieau, Pierre [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg > HEC-Ecole de gestion de l'ULg >]|
|[en] 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.
|Centre de Recherche en Économie Publique et de la Population - C.R.E.P.P|
|File(s) associated to this reference|
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