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RESEARCH PAPER NO. 886
CHOOSING
TO BECOME A 'LOST CAUSE': THE PERVERSE EFFECTS
OF BENEFIT PRECONDITIONS
BY
LISA
FARRELL & PAUL FRIJTERS
NOVEMBER 2003
Department of Economics. University of Melbourne.
Melbourne Victoria 3010 Australia
This paper argues that preconditions
for welfare benefit entitlements based on
labour market prospects can be counterproductive
when they create an incentive for individuals
to abstain from any investment earlier in
life that could improve future prospects.
Benefit entitlements based partly on investments
made prior to labour market entry are then
Pareto-improving.
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