Word: kotlikoff
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Dates: during 1993-1993
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...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...