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savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with …
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The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they can top up with voluntary contributions. In return,...
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myopia may justify public pensions but never alongside positive private savings. With sufficient myopia, co-existence of …
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