Titlebook: Simple Models of Income Redistribution; András Simonovits Book 2018 The Editor(s) (if applicable) and The Author(s) 2018 Intra-generationa

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Introductory Pension Models,unter individual myopia. Contrary to a number of influential papers, we exclude negative savings, thus correct the previous undervaluation of socially optimal social security. Section 3.3 models longevity risk; life annuity for public eliminates that risk for public pensions but not for private savi

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Four Pension Models with Two Types,duces proportional (earnings-related) pensions, where the benefits are proportional to wages. Here, the socially optimal contribution rate is a decreasing function of the annual interest rate but even for very high (10% annual) interest rates, the contribution rate stays above 20%. Section 4.3 discu

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Child Support, Pension and Fertility,single homogenous worker generation and to the assumption that the child benefit is only spent on raising children. Insisting on the nonnegativity of savings, again we have to separate the analysis into two cases: either slack (S) or tight (T) credit constraint. Correspondingly, there are two social

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