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What is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something that would substantially reduce the capital stock, GDP and wealth? What does the possibility of such an event imply for the behavior of economic variables such as...
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whether planning and information costs might affect retirement saving patterns. This paper reports on a purpose-built survey … module on planning and financial literacy for the Health and Retirement Study which measures how people make financial plans … more likely to plan and to succeed in their planning, and they rely on formal methods such as retirement calculators …
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