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The current practice of measuring age as years-since-birth, both in common practice and in the law, rather than alternative measures reflecting a person's stage in the lifecycle distorts important behavior such as retirement, saving, and the discussion of dependency ratios. Two alternative...
Persistent link: https://www.econbiz.de/10012465170
considered: neutral technological progress, skilled-biased technological change, and drops in the price of labor-saving household …
Persistent link: https://www.econbiz.de/10012510535