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Earlier versions of this paper have been presented to an Economic Theory Workshop at Warwick, and the European Association of Risk and Insurance Economists in Brussels, September 1985. To their participants I am grateful. For comments and discussion I am indebted to: K. Cowling, G. W. Dewit, D. Kessler, D. Leech, K. Wallis and an anonymous referee of this Journal.
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Pitelis, C. The Substitutability Between Discretionary and Contractual Saving and the ‘Propensity’ to Save Profit and Wage Income in the UK. Geneva Pap Risk Insur Issues Pract 12, 37–49 (1987). https://doi.org/10.1057/gpp.1987.4
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DOI: https://doi.org/10.1057/gpp.1987.4