Word: kotlikoff
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Dates: during 1990-1999
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Boston University Professor Laurence J. Kotlikoff warned against optimism yesterday in a Littauer classroom lecture, saying that this year's budget surplus may not avert a possible crisis in the Social Security system...
...Johnson. "And for every one that gets there, there are several that fail because of unfavorable side effects, no demonstrable increase in benefits, or a variety of other reasons." Moreover, experts say, costly marketing programs are a vital extension of the companies' research efforts. Declares Boston University economist Laurence Kotlikoff: "What good does it do to discover a health- improving drug and not have anyone know about...
...Divorce and remarriage can also foil the best-laid wills. A University of Pennsylvania study found that nearly 25% of divorced fathers had no contact with their kids during the previous five years, a fact that could influence Dad's last will and testament. And Boston University economist Laurence Kotlikoff argues that inheritances and gifts -- while significant -- actually account for a declining share of young family income, in part because older Americans are increasingly dependent on Social Security and pension benefits, which can't be bequeathed...