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In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...
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We evaluate the effect of the federal students' financial assistance scheme (BAfoeG) on enrolment rates into higher … students had to repay the full loan until 1990. Thereafter, 50 percent of the student aid has been offered as a non …
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