This paper investigates the effect of physicians on infant mortality, stillbirths and the incidence of common childhood … endogeneity of health care supply is addressed by using the expulsion of Jewish physicians from health insurance schemes by the … control function approach. Our results indicate that the marginal returns to physicians are highly nonlinear and decreasing. …

During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably … in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However … regularities. It argues that as a result of the large movements of the current account, the flows of cash between Japan and ist …

agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … retirement. However, well designed education programs will keep more workers in highly productive activities at the end of their …

and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

for consumption and the hours of time supplied to the labour market, they also choose their schooling level and retirement …

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …