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The empirical evidence on rational inattention lags far behind the theoretical developments: micro evidence on the most immediate consequence of observation costs - the infrequent observation of state variables - is not available in standard datasets. We contribute to filling the gap with two...
Persistent link: https://www.econbiz.de/10008468638
Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...
Persistent link: https://www.econbiz.de/10011252616
When entering retirement most people face the decision whether they would like their defined contribution account balance paid as a lump sum or to annuitize the amount. The fact that people tend to choose the lump sum even if economic reasons suggest not to is called the annuity puzzle. In a...
Persistent link: https://www.econbiz.de/10011165648
malaria more salient, leading to a change in beliefs about its importance and to an increase in private health investments. …
Persistent link: https://www.econbiz.de/10011083460
an overview of this literature, focusing on studies which seek to establish the causal effect of cannabis use on health …, education and labor market success. We conclude that there do not appear to be serious harmful health effects of moderate … cannabis use. Nevertheless, there is evidence of reduced mental well-being for heavy users who are susceptible to mental health …
Persistent link: https://www.econbiz.de/10011084361
relationship between marriage and health for working-age (20 to 64) individuals. In both data sets married agents are healthier … than unmarried ones, and the health gap between married and unmarried agents widens by age. After controlling for … observables, a gap of about 12 percentage points in self-reported health persists for ages 55-59. We estimate the marriage health …
Persistent link: https://www.econbiz.de/10011084560
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10011084641
also casts doubts on recent findings about a positive effect of health on education. This is because health raises the … that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in …
Persistent link: https://www.econbiz.de/10005666793
health indicators. The results indicate a strong effect of macroeconomic conditions during childhood on mortality at all ages …
Persistent link: https://www.econbiz.de/10005789099
comparison effect, decrease subsequent demand. This tension is particularly important for the distribution of health products in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or …
Persistent link: https://www.econbiz.de/10011083717