Does Income Inequality Reduce Growth?
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Does Income Inequality Reduce Growth?
Chile's private health insurance system has expanded rapidly since its inception in 1981, now covering 28% of the population. The natural evolution of the system has solved some of its original problems. Nevertheless, the following serious difficulties remain: the tendency to raise the costs of h...
Government guarantees for private infrastructure projects reduce the incentives of firms to perform efficiently, weaken the incentives to screen projects for white elephants, and shift government obligations to future periods. Thus the use of guarantees needs to be limited, and they need to be ca...
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