efficiency. We distinguish countries with and without universal insurance, because insurance undermines patients' price … sensitivity, potentially leading to prices above second-best efficient levels. In countries with universal insurance, if each … comprehensive insurance avoid its distorting effects on prices but also lack financial protection and affordability for the poor …

insurance; if not, no coverage should be provided and the program should not be implemented. This paper examines the unanswered … question of how cost effectiveness analysis should be performed and interpreted when insurance coverage can involve non …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

In this paper we explore the issue of wealth maximization and the implied behavior of the firm, paying particular …

capital and that of human wealth. Special attention will be paid to the empirical implications of the analysis …

the model, saving depends on the gap between 'target' and actual wealth, with the target determined by measured credit … supply explains the trend decline in saving, while fluctuations in wealth and consumer-survey-measured unemployment …

with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that … exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability … per-capita comprehensive wealth …

changes in wealth. In the cross section, we find that wealthier investors are more risk averse. Using changes in house prices … as a source of variation, we find that investors become more risk averse after a negative wealth shock. These preferences …

The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A …