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We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in research and development based endogenous growth models. This contrasts recent findings based on models of learning-by-doing-spillovers, in which an increase in the retirement age...
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We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
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Ireland appears to be in the throes of a remarkable process of social change. Over the last decade, the apparently … expose the fallacies that drive the fashionable rhetoris of Tigerhood. Four of these fallacies - that Ireland has cast off … liberty are at an unprecedented level for all citizens, and that Ireland is also experiencing a period of strong cultural …
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