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This study answers the open question of whether workers respond to financial incentives in a command economy. To do this, I evaluate pension reforms in Soviet Russia in 1964 and 1969 that allowed pensioners to receive a greater share of their pensions if they worked, resulting in a progressive...
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scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …
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1. Introduction -- 2. The evil of a premature death -- 3. An insurance against a short life -- 4. Reversing retirement … pension systems, by offering a period of retirement to all young adults before they start their career. Such a ‘reversed …
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