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The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents … Panel (ALP), this paper provides empirical evidence on possible deviation from risk neutrality with respect to longevity in … the U.S. population. The questions we ask allow to find the distribution as well as to quantify the degree of risk …
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; Mortality Risk Reductions ; Cost-benefit Analysis ; Forced Choice Questions … pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … higher when the risk reduction is delivered by a public program, and increases with the effectiveness rating assigned by the …
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This paper uses a heterogeneous-agent overlapping-generations model to examine the fiscal and distributional consequences of introducing a means test in US Social Security. I find that a means test, that is, conditioning benefit payments on a household's earnings or assets, leads to a higher...
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