Showing 1 - 9 of 9
egalitarian grounds - although the conclusion is reversed when mortality strikes only after retirement. …
Persistent link: https://www.econbiz.de/10010701202
We apply the theory of inequality in opportunity to measure inequity in mortality. Our empirical work is based on a … rich dataset for the Netherlands (1998-2007), linking information about mortality, health events and lifestyles. We show … that distinguishing between different channels via which mortality is affected is necessary to test the sensitivity of the …
Persistent link: https://www.econbiz.de/10010662663
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10008836160
Very few studies have explored the optimality properties of the "standard model" of fertility where parents must determine their optimal trade-off between quality and quantity. The present paper works to fill that gap and find three main results. First, when there exist positive externalities in...
Persistent link: https://www.econbiz.de/10008836161
One of the greatest success stories in our societies is that people are living longer, life expectancy at birth being now above 80 years. Whereas the lengthening of life opens huge opportunities for individuals if extra years are spent in prosperity and good health, it is however often regarded...
Persistent link: https://www.econbiz.de/10010927706
Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state provided the optimum population growth rate is imposed. This paper aims at exploring whether the Serendipity Theorem still holds in an economy with risky...
Persistent link: https://www.econbiz.de/10008550247
We propose a new theory of the demographic transition based on the evidence that body development during childhood is an important predictor of adult life expectancy. Fertility, childhood development, longevity, education and income growth all result from individual decisions. Parents face a...
Persistent link: https://www.econbiz.de/10005042850
This paper develops a theory of optimal fertility behavior under mortality shocks. In a 3- periods OLG model, young … mortality risks. For fixed prices (real wages and interest rate), it is shown that both child and adult one-period mortality … shocks raise fertility due to insurance and life-cycle mechanisms respectively. In general equilibrium, adult mortality …
Persistent link: https://www.econbiz.de/10005065478
The paper analyzes the process of market selection of investment strategies in an incomplete market of short-lived assets. In the model under study, asset payoffs depend on exogenous random factors. Market participants use dynamic investment strategies taking account of the available information...
Persistent link: https://www.econbiz.de/10005043690