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. It is likely to do so, unless the increased risk causes unforeseen changes to the pension system, with sustainability … may not react early enough to the realized demographic or investment risks, and therefore risk sharing between generations …
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We study the extent to which retired households in Finland could supplement their mandatory pension benefits by releasing their equity. We also consider the tax treatment of different financial products that turn wealth into an income stream. In addition, we use a life cycle consumption-savings...
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