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Demographic Change, Social Security Systems, and Savings
National Bureau of Economic Research [NBER] 
Oct. 25, 2006 Excerpt: Analyzing a cross-country panel of macroeconomic data, [the authors] find that increased longevity raises aggregate savings rates in countries with universal pension coverage and retirement incentives, though the effect disappears in countries with pay-as-you-go systems and high replacement rates. MORE >> |
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