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What can go wrong? Being in a couple complicates your decision-making. From an economist’s perspective, one advantage of marriage is the financial benefits. Marriage allows risk sharing between partners (e.g., one partner can work more if the other loses their job) and allows couples to take advantage of returns to scale (i.e., it’s cheaper to…
Our Social Security program is well-structured, but with one major flaw. I’ve been scratching my head since President Trump announced in early December that the administration is considering developing a national retirement savings system like Australia’s superannuation program. Yes, our system is not perfect, but it’s not clear what we get from Australia at this…
