POPULATION UNCERTAINTY, SOCIAL INSURANCE, AND ACTUARIAL BIAS
成果类型：
Article
署名作者：
BRANDTS, J; DEBARTOLOME, CAM
署名单位：
New York University; Autonomous University of Barcelona
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(92)90034-D
发表日期：
1992
页码：
361-380
关键词：
摘要：
Uncertainty in the size of the working population leads to uncertainty in wages and in the return to capital, and to the possible desirability of an insurance contract between unborn workers and future retirees. However Green (1977, 1988) finds that an insurance contract is unlikely to benefit both generations. We show that a worker has two potential sources of actuarial bias: Green's result is due to workers in his model being of different types and some workers having only one source of bias. A representative worker must have both sources of bias, and an insurance contract will benefit both generations. The results are generalized.
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