Showing 1 - 10 of 318
A major source of insurance coverage for non-elderly adults in the US is employer-based health insurance market. Every participant of this market gets a tax subsidy since premiums are excluded from taxable income. However, people have different incentives to participate in the employer-based...
Persistent link: https://www.econbiz.de/10011107312
Two key components of the upcoming health reform in the U.S. are a new regulation of the individual health insurance market and an increase in income redistribution in the economy. Which component contributes more to the welfare outcome of the reform? We address this question by constructing a...
Persistent link: https://www.econbiz.de/10011109363
Pension systems often entail some compulsory saving over which individuals have some degree of choice in terms of the pension plan in which to invest. Our contribution analyses whether the choice between alternative plans is affected by the presence of liquidity constraints during working life....
Persistent link: https://www.econbiz.de/10011111784
Having low income is one of the requirements for Medicaid eligibility. Given that earning ability is unobservable, once an individual with high labor income stops working it is impossible to distinguish him from those whose potential labor income is low. This can affect the ability of Medicaid...
Persistent link: https://www.econbiz.de/10011112679
This paper shows that unregulated decentralized equilibrium is viable under increasing returns technologies in an overlapping generations model of production with cash-in-advance constraints. We also demonstrate that the model exhibits both the Tobin effect and the reverse Tobin effect.
Persistent link: https://www.econbiz.de/10005836089
One of the major problems of the U.S. health insurance market is that it leaves individuals exposed to reclassification risk. Reclassification risk arises because the health conditions of individuals evolve over time, while a typical health insurance contract only lasts for one year. A change in...
Persistent link: https://www.econbiz.de/10009325582
In an incomplete market with two sided altruistic agents and default.We show equilibrium existence if members of a dynasty act in an individualistic way by maximizing their own intergenerational utility functions. We also illustrate that a dynasty may end doing Ponzi schemes if its members act...
Persistent link: https://www.econbiz.de/10009147884
Two key components of the upcoming health reform are a reorganization of the individual health insurance market and an increase in income redistribution in the economy. Which component contributes more to the welfare outcome of the reform? We address this question by constructing a general...
Persistent link: https://www.econbiz.de/10008685360
This paper assesses the impact of labor mobility on racial discrimination. We present an equilibrium search model that … reveals an inverted U-shaped relationship between labor mobility and race-based wage differentials. We explore this … relationship empirically with an exogenous mobility shock on the European soccer labor market. The Bosman ruling by the European …
Persistent link: https://www.econbiz.de/10011109132
railway transport was enormous, because, until then, the chances for continental mobility were quite uncommon. In general …
Persistent link: https://www.econbiz.de/10011109237