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This paper shows that, in the temporal model of Eeckhoudt et al. (2012), prudence alone is sufficient to obtain a precautionary effort. Moreover, our conclusions relax the assumption of the convexity of loss probability. We further analyze the effect of the introduction or deterioration of...
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While previous studies have shown that recessions are associated with better health outcomes and behaviors, the focus … previously established counter-cyclical pattern in health and heath behaviors is held during the Great Recession. Using data from … capturing health and health behaviors, we show that the association between economic deterioration and these outcomes has …
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