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Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
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the transparency of social pension allocation were indeed achieved, such that possession of the Below Poverty Line ration … card has become the primary determinant of access to social pensions. However, this focus on the ration card has its own …
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