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There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...
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This paper surveys the empirical evidence on causal effects of education on earnings for Germany and compares … the substantial methodological differences, we have to conclude that the empirical findings for Germany are quite robust …
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