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This paper constructs a rich model of saving for retired single people. Our framework allows for bequest motives and heterogeneity in medical expenses and life expectancies. We estimate the model using AHEAD data and the method of simulated moments. The data show that out-of-pocket medical...
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"We find that veterans of the Union Army who faced greater wartime stress (as measured by higher battlefield mortality … rates) experienced higher mortality rates at older ages, but that men who were from more cohesive companies were … statistically significantly less likely to be affected by wartime stress. Our results hold for overall mortality, mortality from …
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Has U.S. health care for the elderly become more equitable during the past several decades? When inequality is measured … their intrinsic shortcomings; expenditures depend on preferences, health status, and prices, while outcomes are strongly … affected by health behavior and past illness. We suggest a new approach to measuring inequality: the use of quality …
Persistent link: https://www.econbiz.de/10012467847
Understanding how healthy lifespans are changing is essential for public policy. This paper explores changes in healthy lifespan in the U.S. over time and considers reasons for the changes. We reach three fundamental conclusions. First, we show that healthy life increased measurably in the US...
Persistent link: https://www.econbiz.de/10012989729