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This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging … timing of retirement, the size of lifecycle labour income and pension payments and investments in health that individuals … the traditionally separate areas of health and retirement policy can be coordinated to achieve dynamic efficiency. Under …
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We explore the implications of alternative methods of discounting future pension outlays for the valuation of funded pension liabilities. Measured liabilities affect the asset-liability ratio of pension funds and, thereby, their policies. Our framework for analysis is an applied many-generation...
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