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How much does society value redistribution? The common method to derive inverse-optimum welfare weights is by inverting an optimal-tax model. Our alternative imposes fewer restrictions on labor supply and enables comparisons across household types. We use a structural labor supply model to...
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This study investigates the impact of social pension insurance on the efficiency of household financial portfolios … significantly enhances the efficiency of household financial portfolios, partly through the channels of risk attitude and …
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