Neurodegenerative diseases, Parkinson disease being an example, set challenges to modern societies both in terms of premature deaths and resources spent on treatment of the diseases. Prevention and early diagnostics in particular, are potential directions towards higher economic efficiency of...

This paper presents a new CGE model of the Russian economy with a health block. We estimate effects of Parkinson's disease (PD) on the Russian economy and population. We distinguish two mechanisms transmitting effects of the PD: a change in the quality of life of a representative household and a...

Defining the welfare state is not a simpleminded task. Actually, there are numerous definitions which try to reflect at least some of the basic characteristics of the welfare state or its objectives and its functions. For some, there is primarily an institutional parameter, for others there are...

While the 1995 Occupational Safety and Health Act (OSH) regulation transformed the outlook on workplaces in Spain, characterized by a lack of preventive protection, public statistics have reported an increasing trend in the postregulation workplace accident rates. This study uses microdata from...

This paper offers a systematic literature review about jobs and related employment impacts in and by the system of private health insurance (Private Krankenversicherung, PKV). The available literature shows the varying evaluation of private health insurance’s relevance for labor policy...

China’s entry into the world trade, investment and production system and the economic growth of the last four decades have culminated in a rigid labour market duality that is based on the division of the urban-rural residential registry system, hukou. A migrant labour population has been...

In “Gamma Discounting” Martin L. Weitzman (2001) concludes that certainty equivalent discount rates should decline significantly over time. He draws this conclusion from fitting a Gamma distribution to the responses of 2,160 economists asked to give a discount rate estimate and calculating...

A numerical model is used to experimentally compute certainty equivalent discount rates (CERs) of risk neutral and risk-averse decision makers. Investors are characterized by utility functions of the constant-intertemporal-elasticity-of-substitution (CIES) type. Stochastic interest rates are...

The Weitzman-Gollier Puzzle centered on the question of whether certainty equivalent discount rates should be growing or declining functions of time in capital markets with perfectly autocorrelated stochastic interest rates. Absent a convincing solution of the puzzle in the context of risk...

This paper examines the social opportunity cost of a hypothetical public project in Australia and compares these values with the cost of the project as measured by factor prices. Since 2001, the Australian taxation system has included an ad valorem tax, the Goods and Services Tax, however...