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The standard theory of household-portfolio choice is hard to reconcile with the following facts: (i) Households hold a small amount of equity despite the higher average rate of return. (ii) The share of risky assets increases with the age of the household. (iii) The share of risky assets is...
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Microsimulation studies typically assume that all entitlements to means-tested benefits are actually claimed by eligible households, despite a large body of research that suggests that take-up rates are substantially below 100%. The assumption of full take-up tends to exaggerate the simulated...
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observed welfare benefit take-up for the sample of eligible households. Our simulation results show that non take-up rates do … Einheimische, was häufig damit erklärt wird, dass Einwanderer ein höheres Risiko aufweisen, bedürftig zu sein. Wir untersuchen in …
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