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Persistent link: https://www.econbiz.de/10003275850
The future course of old-age mortality is of great importance to public sector expenditures in countries where old-age programs account for large fractions of the public budget. This paper argues that the competitive market prices of mortality contingent claims, such as annuities and life...
Persistent link: https://www.econbiz.de/10005829489
Empirical researchers commonly invoke instrumental variable (IV) assumptions to identify treatment effects. This paper considers what can be learned under two specific violations of those assumptions: contaminated and corrupted data. Either of these violations prevents point identification, but...
Persistent link: https://www.econbiz.de/10005178508