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Kopiec, Paweł - 2024

with bounded rationality, uninsured idiosyncratic risk, and redistributive effects of transfers. Finally, I use these …

Persistent link: https://www.econbiz.de/10015213307

The Imperfections of Conditional Programs and the Case for Universal Basic Income

Guimarães, Luis; Lourenço, Diogo - 2024

How costly are the imperfections of conditional welfare programs? Should we replace these programs with a Universal Basic Income (UBI)? We answer these questions using a general equilibrium model with incomplete markets, accounting for three overlooked imperfections of real-life conditional...

Persistent link: https://www.econbiz.de/10015214826

Family labor supply, precautionary behavior, aggregate saving and employment

Santos Monteiro, Paulo - 2005

I study the impact of idiosyncratic earnings uncertainty on aggregate saving and employment in an economy populated by families consisting of two members. Families incur a fixed cost of participation when both members are employed. I argue that, because of market incompleteness and private...

Persistent link: https://www.econbiz.de/10015220717

Health Insurance, the Social Welfare System and Household Saving

Hsu, Minchung - 2008

This paper studies the factors that can generate the puzzling saving phenomenon in the US: 1) Starr-McCluer (1996) finds that households covered by private health insurance save more than comparable households without coverage, even when controlling for other variables. 2) The asset holding...

Persistent link: https://www.econbiz.de/10015220790

Quantitative Analysis of Health Insurance Reform: Separating Community Rating from Income Redistribution

Pashchenko, Svetlana; Porapakkarm, Ponpoje - 2010

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/10015223948

Recursive equilibria in an Aiyagari style economy with permanent income shocks

Kuhn, Moritz - 2008

In this paper, we prove the existence of a recursive competitive equilibrium (RCE) for an Aiyagari style economy with permanent income shocks and perpetual youth structure. We show that there exist equilibria where borrowing constraints are never binding. This allows us to establish a...

Persistent link: https://www.econbiz.de/10015227816

Health insurance reform and bankruptcy

Kuklik, Michal - 2010

Abstract Medical bankruptcy was at the heart of the health care reform debate. According to Himmelstein et al. (2009), 62.1 percent of bankruptcies in the United States in 2007 were due to medical reasons. At the same time over 15 percent of Americans had no health insurance. The 2010 health...

Persistent link: https://www.econbiz.de/10015232330

Quantitative analysis of health insurance reform: separating regulation from redistribution

Pashchenko, Svetlana; Porapakkarm, Ponpoje - 2012

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/10015233663

Saving Motives over the Life-Cycle

Pashchenko, Svetlana; Porapakkarm, Ponpoje - 2023

A major challenge in the study of saving behavior is how to disentangle different motives for saving. We approach this question in the context of an entire life-cycle model. Specifically, we identify the importance of different saving motives by simultaneously accounting for wealth accumulation...

Persistent link: https://www.econbiz.de/10015270298

Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform

Pashchenko, Svetlana; Porapakkarm, Ponpoje - 2013

incentives to participate in the employer-based pool - since premiums are independent of individual risk, high-risk individuals … receive implicit cross-subsidies from low-risk individuals. In this paper we explore several ways to reform the tax subsidy by … subsidy. More specifically, the same level of risk-sharing in the employer-based market can be achieved at one third of the …

Persistent link: https://www.econbiz.de/10015237662