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In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...
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economic development. Previous evidence on regional economics highlight that a higher concentration of human capital is … associated with more population, employment growth, income and ability to innovate (e.g., Carlino et al., 2007; Glaeser and Saiz … Rossa). Data and Methodology Relying on the population of 75 private and public universities in Italy over the period 2002 …
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