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mortality and to explore implications for the welfare consequences of recessions. We estimate that an increase in the … unemployment rate of the magnitude of the Great Recession reduces the average, annual age-adjusted mortality rate by 2.3 percent …, with effects persisting for at least 10 years. Mortality reductions appear across causes of death and are concentrated in …
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The recent financial crisis and historical record suggest important lessons about the design of national pension systems. First, wide fluctuation in asset returns makes it hard for well-informed savers to select a saving rate or a sensible investment strategy for DC pensions. Workers who follow...
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The recent financial crisis and the historical record suggest important lessons about the design of national pension systems. First, wide fluctuations in asset returns make it hard for well-informed savers to select a saving rate or a sensible investment strategy for defined-contribution (DC)...
Persistent link: https://www.econbiz.de/10008666198
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