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An Experiment on Retail Payments Systems
(2014-05-05)
We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers’ service fees ...
Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation
(2014-12-29)
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase ...