We often talk about retirement and pensions as though they’re the same thing. When we retire, we receive a pension, and we become pensioners. But a pension has a specific meaning. It refers to a particularly kind of retirement plan. An employer makes contributions to a pool of funds. It invests the funds for the…
Guard Your Pension! Understand Defined-Contribution Plan vs Defined-Benefit Plan
Professor Explains Flaw in Many Models Used for COVID Lockdown Policies
Economics professor Doug Allen wanted to know why so many early models used to create COVID-19 lockdown policies turned out to be highly incorrect. What he found was that a great majority were based on false assumptions and “tended to over-estimate the benefits and under-estimate the costs.” He found it troubling that policies such as…
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