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" They are demanded at high rather than low per capita income (ie at high per capita income, the time preference or discount rate is lower, which increases the valuation of purchasing coverage for future contingencies, and family ties are weaker, which... "
Old-age Income Support in the 21st Century: An International Perspective on ... - Page 127
by Robert Holzmann - 2005 - 232 pages
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Financial Crises: Lessons from the Past, Preparation for the Future

Gerard Caprio, James A. Hanson, Robert E. Litan - 2005 - 300 pages
...can be highlighted when discussing three types of countries and their financial market readiness.1 There are three main types of financial markets: (a)...example, pension savings and annuities). Third, even if financial markets are incomplete (for example, embryonic capital markets), if banks are sound, they...
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