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, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and …
Persistent link: https://www.econbiz.de/10003831970
and explain the conditions under which this leads to over-investment in healthcare. Moreover, we specify the general … approximately 1.5%. At a more general level, our study suggests that welfare improvements from longevity increases may be lower than …
Persistent link: https://www.econbiz.de/10011611936
This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for …. Extension to an endogenous growth context suggests that, when individual labor supply depends on health status, both cost … productivity ; cost-sharing ; entry deregulation ; health insurance ; pharmaceutical innovation …
Persistent link: https://www.econbiz.de/10009124148
Persistent link: https://www.econbiz.de/10010375378
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10009730526
, contractual debt obligations will always be met. The general price level plays the role of a default premium or discount. The …
Persistent link: https://www.econbiz.de/10009781580
public economics as a natural special case of this general framework. …
Persistent link: https://www.econbiz.de/10011451127
solve a simple and intuitive computable general equilibrium (CGE) model using a calculator. Because this simplified …
Persistent link: https://www.econbiz.de/10011581180
This paper incorporates a bubble term in the standard FTPL equation to explain why countries with persistently negative primary surpluses can have a positively valued currency and low inflation. It also provides an example with closed-form solutions in which idiosyncratic risk on capital...
Persistent link: https://www.econbiz.de/10012213139
In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative...
Persistent link: https://www.econbiz.de/10011408439