Smokers do not live as long as nonsmokers. This means that the expected present discounted value of
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Smokers do not live as long as nonsmokers. This means that the expected present discounted value of Social Security benefits for smokers is much smaller than that for nonsmokers. Is this unfair ? What differences in individual or family circumstances should the Social Security program recognize ?
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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