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This paper advances the theory of annuity demand. First, we derive sufficient conditions under which complete … markets are stringent. Third, we extend the simulation literature that calculates the utility gains from annuitization by …
Persistent link: https://www.econbiz.de/10012468984
economic measures would change if they adequately reflected improvements in health status. The study first discusses the theory …
Persistent link: https://www.econbiz.de/10012469897
Persistent link: https://www.econbiz.de/10001594701
Persistent link: https://www.econbiz.de/10001390808
I use micro data on food and recreation expenditures from 1888 to 1994 to provide the first estimates of overall CPI bias prior to the 1970s and new estimates of bias since the 1970s and to reassess long-run growth rates. I find that CPI bias was -0.1 percentage points per year between 1888 and...
Persistent link: https://www.econbiz.de/10012471117
This paper examines variations in stature and the Body Mass Index (BMI) across space for the United States in 1917/18, using published data on the measurement of approximately 890,000 recruits for the American Army for World War I. It also connects those anthropometric measurements with an index...
Persistent link: https://www.econbiz.de/10012471325
I use consumer expenditure surveys from 1888-1890, 1917-1919, 1935-1936, 1972-1973, and 1991 to determine whether trends in real income per capita are consistent with trends in recreational budget shares and to establish trends in inequality in recreational expenditures. I find that changes in...
Persistent link: https://www.econbiz.de/10012471646
The COVID-19 pandemic has upended health and living standards around the world. This article provides an interim overview of these effects, with a particular focus on low- and middle-income countries (LMICs). Economists have explained how the pandemic is likely to have differential consequences...
Persistent link: https://www.econbiz.de/10012660017
We investigate how material well-being has changed over time for single mother headed families--the primary group affected by welfare reform and other policy changes of the 1990s. We focus on consumption as well as other indicators including components of consumption, measures of housing...
Persistent link: https://www.econbiz.de/10012616635
Income differences across US cities are well documented, but little is known about the level of standard of living in each city--defined as the amount of market-based consumption that residents are able to afford. In this paper we provide estimates of the standard of living by commuting zone for...
Persistent link: https://www.econbiz.de/10012794561