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Several changes have been made to the state and workplace pension schemes in recent decades in Britain. One of the implications of these changes is that individuals now carry greater risks in accumulating and generating retirement income. Many studies have discussed the role of attitudinal and...
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We study the determinants of youth crime using a dynamic discrete choice model of crime and education. We allow past … roles of state dependence, returns to experience, and heterogeneity in driving crime and enrollment decisions among youth … temporarily keep youth away from crime, can have important and lasting effects even if criminal experience has already accumulated. …
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