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We analyze the effect of being born in a recession on the mortality rate later in life in conjunction with social class … inequality measures. The results indicate that being born in a recession increases the mortality rate later in life for most of … the population. Lower social classes suffer disproportionally from being born in recessions. This exacerbates mortality …
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The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for reducing income inequality in Germany. The welfare analysis is based on a model of age-dependent human capital accumulation, featuring dynamic complementarities in skill...
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