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Analysing Pensions: Modelling and Policy Issues

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Figure

Table 1: Structural es�ma�on of full set of preference parameters
Table 2: Structural es�mates of the exponen�al discount factor, for restricted values of the excess short-rundiscount factor
Table 3: Long-run effects of introducing a defined contribu�on pension where a pensionasset did not previously exist and preferences are �me consistent
Table 4: Long-run effects of introducing a defined contribu�on pension where a pensionasset did not previously exist and preferences are myopic
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