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savings relative to pay-as-you go systems. Our results indicate that more wealth should be transferred from the young to the … implicit return on a pay-as-you-go system and the interest rate on savings should be equal to the growth rate of the economy …
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corporate net lending determinants. We disentangle the effects of the profit share on corporate saving and investment and …
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region model with endogenous savings, labour supply and a bequest motive that is augmented with actual demographic data …
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Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
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