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Social security and the well-being of the elderly : three concepts of generosity
Mathieu Lefèbvre, Pierre Pestieau
Open publisher page 3 citations
Abstract
The purpose of this article is to clarify the concept of generosity applied to social security systems. We distinguish among three types of generosity with the possibility of trade-offs. There is the generosity towards early retirement, the overall generosity of an old age system, and the generosity towards retirees with low entitlements.