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There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...
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intragenerational redistribution characteristics of the pension system in the sense of the number of net-recipients relative to net …
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are caused by ex-ante differences in lifeexpectancy. However, these pension reforms may themselves induce redistribution …
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