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To Love or to Pay
to Love to Pay
2016/3/3
This paper develops a dynamic structural lifecycle model to study how heterogeneous health and medical spending shocks affect the savings behavior of the elderly. Individuals are allowed to respond to...
“Sister Mary Lauretta, a Roman Catholic nun, once counseled: ‘To be
successful, the first thing to do is fall in love with your work. She
should, of course, now have to add: Just don’t fall in love ...