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From its inception, the Federal Reserve has operated payment systems that let banks move money for their customers. Checks, wire transfers, and electronic consumer payments all happen thanks to the Federal Reserve. Congress by statute specified which banks get access to the Fed’s payment...
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We investigate the effect of parental education on the concordance/discordance between monetary and multidimensional child poverty. First, in a simple model of parental investment in child outcomes, we demonstrate that the misalignment between household income and parental education is a...
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child poverty. We estimate that in 2017, 17.5 percent of children in the world (or 356 million) younger than 18 years lived … children at the 3.20 Dollars and 5.50 Dollars lines were 41.5 and 66.7 percent, respectively. The number of children living in … thirds of extremely poor children, and South Asia another 18 percent. These estimates are based on the Global Monitoring …
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This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...
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