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. The model predicts a near doubling of the ratio of high- to low-skilled wages over the century. Increasing wage inequality … skilled, major exacerbation of inequality will be precluded. …
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This paper shows how models of insurance markets with asymmetric information can be calibrated and solved to yield quantitative estimates of the consequences of government regulation. We estimate the impact of restricting gender-based pricing in the United Kingdom retirement annuity market, a...
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