This paper is concerned with estimating preference functionals for choice under risk from the choice behaviour of individuals. We start from the observation that there is heterogeneity in behaviour between individuals and within individuals. By ‘heterogeneity between individuals’ we mean...

A copula is best described, as in Joe (1997), as a multivariate distribution function that is used to bind each marginal distribution function to form the joint. The copula parameterises the dependence between the margins, while the parameters of each marginal distribution function can be...

This paper introduces a new approach to measuring the association between health and socioeconomic status. Measuring inequalities in health is difficult when health is measured qualitatively, specifically on an ordinal scale. This paper demonstrates a rank-based dependence measure - the copula -...

This paper considers the simultaneous explanation of mortality risk, health and lifestyles, using a reduced-form system of equations in which the multivariate distribution is defined by the copula. A copula approximation of the joint distribution allows one to avoid usually implicit...

A copula is best described, as in Joe (1997), as a multivariate distribution function that is used to bind each marginal distribution function to form the joint. The copula parameterises the dependence between the margins, while the parameters of each marginal distribution function can be...

This paper develops and estimates a model that integrates two fundamental theories of individual health behavior: the Becker-Murphy model of rational addiction and the Grossman model of health investment. We define an individual's lifetime smoking consumption pattern and investments in health...

When a treatment in difference in differences (DD) is applied to a group of individuals with a time-constant qualifiÂ…cation/eligibility such as gender or race, there is no issue of choosing to be (un-)treated. But if the qualiÂ…fication is time-varying, then the individuals may alter...