Showing 1 - 10 of 12
In an overlapping generations economy setup we show that, if individuals can improve their life expectancy by exerting some effort, costly in terms of either resources or utility, the competitive equilibrium steady state differs from the first best steady state. This is due to the fact that...
Persistent link: https://www.econbiz.de/10010738658
On the basis of French individual data, this paper compares the effect of demographic change, changes in morbidity and changes in practices on the growth in health expenditures that occurred between 1992 and 2000. Microsimulations show that the rise in expenditures due to aging is relatively...
Persistent link: https://www.econbiz.de/10008792715
In France a National Objective for Health Insurance Spending (ONDAM) is annually voted by the Parliament since 1996 and is divided into four sub-groups corresponding to a category of care. We describe how the initial diversity in providers' payment rules conduced to particular regulation...
Persistent link: https://www.econbiz.de/10011026115
Common sense supports prevention policies aimed at improving survival prospects among the population. It is also widely acknowledged that an early death is a serious disadvantage, and that attention should be paid to the compensation of short-lived individuals. This paper re-examines the...
Persistent link: https://www.econbiz.de/10010929082
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/10010930209
This study estimates the human cost of failures in the CCS industry in 2050, using the actuarial approach. The range of expected fatalities is assessed integrating all steps of the CCS chain: additional coal production, coal transportation, carbon capture, transport, injection and storage, based...
Persistent link: https://www.econbiz.de/10009402095
There exists a large consensus in the economic literature and in the economic institutions about the legitimacy of policies subsidizing education. This legitimacy lies in the fact that education is a source of positive externalities. In a standard framework of endogenous fertility, the present...
Persistent link: https://www.econbiz.de/10010750938
While demographers Lotka (1939) and Lopez (1961) proposed conditions on (exogenous) fertility and mortality laws under … issues of age structure stabilization and convergence, by considering a population whose fertility and mortality are … structures will end up with the same long-run age structure when fertility and mortality laws are converging, which requires …
Persistent link: https://www.econbiz.de/10010738783
egalitarian grounds --although the conclusion is reversed when mortality strikes only after retirement. …
Persistent link: https://www.econbiz.de/10010738814
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/10010738987