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Age-dependent risk aversion: Re-evaluating fiscal policy impact of population ageing

Dec18
CEPAR

A recent study by CEPAR Graduate Phitawat Poonpolkul of the Australian National University argues that the conventional welfare assessment omits at least two important aspects: age-dependent risk aversion that plays a crucial role in economic decisions, and changes in future uncertainties that may complicate individuals’ lifetime planning. In this Austaxpolicy piece he explains why these two aspects are necessary.