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Although decision makers are often reported to have difficulties in making comparisons between multi-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and brain sciences to assess whether, and for what reasons,...
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This paper investigates the impact of population aging, driven by medical progress, upon agespecific expenditure on …
Persistent link: https://www.econbiz.de/10010300268
This paper introduces aging of workers into the neoclassical theory of labor demand. Among other things, it is shown … standard model without aging, the analysis of such issues has not been possible up to now. The main results derived for …
Persistent link: https://www.econbiz.de/10010322058
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social … shows that the type of aging, i.e. declining fertility or increasing longevity, and the type of unfunded social security … provides a refinement to common policy recommendations that favor eliminating mandatory early retirement regulations in aging …
Persistent link: https://www.econbiz.de/10011392492
To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the...
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