Pension Systems Generosity in North Africa

Voting over type and generosity of a pension system when some individuals are myopic1

This paper studies the determination through majority voting of a pension scheme when society consists of far-sighted and myopic individuals. All individuals have the same basic preferences but myopics tend to adopt a short term view (instant grati…cation) when dealing with retirement saving and labor supply. Consequently, they will …nd themselves with low consumption after retirement and regre...

Megaloblastic anemia in North Africa.

We prospectively studied 478 patients with megaloblastic anemia living in Tunisia. Overall, 98% of patients had vitamin B12 deficiency. Pernicious anemia accounted for most of these cases, and median age at presentation was 45 years. Megaloblastic anemia occurred in 19 subjects under 15 years of age, and of these, nine had the Immerslund-Graesbeck syndrome.

Pension Systems and Aggregate Shocks

Federal Reserve Bank of Atlanta E C O N O M I C R E V I E W First Quarter 2003 T o some analysts the prospective imbalances between pay-as-you-go pension system benefits and the tax base present a great economic challenge in the decades to come.1 It is currently estimated that the U.S. Social Security Trust Funds will run out of money in 2041, after which either benefit cuts or major tax hikes ...

Optimal Actuarial Fairness in Pension Systems

A rationale for a compulsory pension system is that the government wants to correct supposedly myopic behavior by the individuals. Given the existence of such a system, we calculate the optimal relation between marginal contributions and benefits, i.e., the optimal degree of marginal actuarial fairness, as seen from the point of view of the individuals or of the government. The following is sho...

Actuarial-based Public Pension Systems