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Optimal Financial Knowledge and Wealth Inequality()
We show that financial knowledge is a key determinant of wealth inequality in a stochastic lifecycle model with endogenous financial knowledge accumulation, where financial knowledge enables individuals to better allocate lifetime resources in a world of uncertainty and imperfect insurance. Moreover...
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| Publicado no: | J Polit Econ |
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| Main Authors: | , , |
| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
2017
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| Assuntos: | |
| Acesso em linha: | https://ncbi.nlm.nih.gov/pmc/articles/PMC5445941/ https://ncbi.nlm.nih.gov/pubmed/28555088 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1086/690950 |
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