Autor:	Christian Habermann, Hans Fehr
Rok vydání:	2008
Předmět:	Economics and Econometrics Bequest High interest media_common.quotation_subject Keynesian economics Life annuity Economics Welfare Finance media_common
Zdroj:	Economics Letters. 99:177-180
ISSN:	0165-1765
DOI:	10.1016/j.econlet.2007.06.022
Popis:	The present paper clarifies the intergenerational welfare effects of life annuities. While present young cohorts experience significant welfare gains, future generations are hurt by lower bequest. For sufficiently high interest rates long-run welfare will decrease although aggregate efficiency rises.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e64f02ba5ff2373e17b5e0c85efc9231 https://doi.org/10.1016/j.econlet.2007.06.022 Zobrazit plný text záznamu Full Text from ScienceDirect