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In this paper we investigate the size of the consumption drop in Russia We use micro data on the household consumption … use the regression discontinuity design and impose an identifying assumption that consumption would be the same around the … threshold of pension eligibility if individuals did not retire We estimate that a 20 6 percent drop in consumption is associated …
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English Abstract: The article describes the features of the current stage of development of financial technologies. This process has become a reaction to the post-crisis tightening of regulatory requirements for traditional financial institutions and increasing credit risks. The introduction of...
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An AK-model of economic growth is considered based upon a supposition that there are several agents in an economy, which have initially different wealth. Saving rate of each agent depends on her wealth. Main attention is given to asymptotic behavior of equilibrium paths. (in Russian)
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