Showing 1 - 10 of 204
A strong relationship between health and socioeconomic status is firmly established. Yet, partly due to the … allows investigation of whether the socioeconomically disadvantaged, on top of a lower health level, experience a sharper … deterioration of their health over the life cycle. We show that in the Netherlands, as in the US, the socioeconomic gradient in …
Persistent link: https://www.econbiz.de/10010325948
A macro-prudential policy maker can manage risks to financial stability only if currentand future risks can be reliably assessed. We propose a novel framework to assessfinancial system risk. Using a dynamic factor framework based on state-space methods, we model latent macro-financial and credit...
Persistent link: https://www.econbiz.de/10010325790
Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985-2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the...
Persistent link: https://www.econbiz.de/10013144816
In this paper we establish a relationship between the core cover of a compromise admissible game and the core of a particular bankruptcy game: the core cover of a compromise admissible game is, indeed, a translation of the set of coalitional stable allocations captured by an associated...
Persistent link: https://www.econbiz.de/10013066642
This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...
Persistent link: https://www.econbiz.de/10013154265
Blanchard (2005) suggested that active interest rate policy might induce unstable dynamics in highly-indebted economies. We examine this in a dynamic general equilibrium model where Calvo-type price rigidities provide a rationale for inflation stabilization. Unstable dynamics can occur when the...
Persistent link: https://www.econbiz.de/10012733616
-assessed health measures are usually at hand in empiricalanalyses and research indicates that these may be affected by endogenous …, state dependent, reporting behaviour. Furthermore, even if an objective health measure is used, it is not likely to be … strictly exogenous to labour market status or labour income. Health and labour market variables are correlatedbecause of …
Persistent link: https://www.econbiz.de/10010324746
death, covering a window of unprecedented size (1912-2000) are merged with historical data on macroeconomic and health …
Persistent link: https://www.econbiz.de/10010324766
Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …
Persistent link: https://www.econbiz.de/10010325639
-related inequality of self-assessed health evolve over the life cycle and differ across generations in 11 EU countries. There is a … moderate and steady decline in mean health until the age of 70 or so and a steep acceleration in the rate of health … economic and social development, the average health of younger generations is significantly better than that of older …
Persistent link: https://www.econbiz.de/10010325792