The Invention Of Retirement

In 1890, Haber writes, only a quarter of aged workers called themselves “permanently nonemployed.” Those who were often faced harsh conditions. Many in industrialized cities had no family resources to depend on, and, at best, might hope for help from a charitable group or old age home. To protect older workers from this fate, employers…

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Numeracy and Wealth

Abstract Numeracy is defined as the ability to understand and use numerical information. We examined the relationship between numeracy and wealth using a cross-sectional and a longitudinal study. For a sample of approximately 1000 Dutch adults, we found a statistically significant correlation between numeracy and wealth, even after controlling for differences in education, risk preferences,…

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