Education and Lifetime Income During Demographic Transition
نویسندگان
چکیده
منابع مشابه
Training and Lifetime Income∗
This paper challenges the notion that on-the-job training investments are quantitatively important for workers’ welfare and argues that on-the-job training may not increase lifetime income by more than one percent. In particular, I argue that it is very difficult to reconcile the slowdown in wage growth late in a worker’s career with optimizing behavior unless the technology for learning on the...
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We provide evidence that individuals optimize imperfectly when making annuity decisions, and this result is not driven by loss aversion. Life annuities are more attractive when presented in a consumption frame than in an investment frame. Highlighting the purchase price in the consumption frame does not alter this result. The level of habitual spending has little interaction with preferences fo...
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WILLIAM H. HUFFMAN, Robert Fludd and the end of the Renaissance, London and New York, Routledge, 1988, 8vo, pp. xii, 252, illus., £30.00. Robert Fludd's encyclopaedic publications with their lavish and fascinating illustrations have frequently been seen as the keys to an intellectual world we have lost. His Metaphysical, physical and technical history of each cosmos, the macrocosm and the micro...
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The differences in the wealth of nations have been in existence historically. The extent of inequalities has been very large and even today they do exist and hence the phenomenon is disturbing. It is an undisputed fact that population of a country does have some effect on the economic growth of a country but the extent to which the population size and composition affects the economy has been a ...
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Standard theory of intertemporal choice predicts that people smooth out life-cycle changes in income by borrowing and saving, such that their standard of living in any given year depends more on lifetime income than on that year’s income. Yet, contemporary empirical studies of income inequality are typically based on observations of income for one or a few years. This empirical simplification i...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2256500