Retirement and the parable of the fishermen |
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| Authors: | Terry Arthur |
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| Affiliation: | Terry Arthur is an Actuary working as an Institutional Investment Strategist and a Director of several financial institutions. |
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| Abstract: | Using a parable about a fishing community, the paper draws morals for retirement policy-makers. It concludes that government should phase out universal pensions, reduce taxes, avoid tax discrimination for savings, stop trying to influence market interest rates and promoting consumption, and remove barriers to trade and investment. |
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