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Belize's public finance to the occurrence of hurricanes and the potential impact of insurance instruments in reducing that … vulnerability. The paper finds that catastrophic risk insurance significantly improves Belize's debt sustainability. In addition … insurance policies. -- Public Finance ; Insurance ; Natural Disasters …
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This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
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