Monthly Archives: October 2017

Can debt restructuring help households out of the debt trap?

During the last financial crisis, the indebtedness of households and the number of bankrupt households reached levels that had not yet been experienced on a worldwide scale. In such an environment of high private debt, the policy debate seems to … Continue reading

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How tax policy can promote lifelong learning

In the face of demographic and technological change, people will have to work longer and are more likely to switch jobs, careers, or tasks within a given job. Faster depreciation of human capital increases the need for lifelong learning. Some … Continue reading

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