This paper examines the impact of labor market institutions (LMI) on business cycle (BC) synchronization. The authors first develop a two-country right-to-manage model of wage bargaining. They find that, following a symmetric demand change, cross-country differences in LMI generate divergent...

The authors present a generalized solution to Grossman's model of health capital (1972), relaxing the widely used assumption that individuals can adjust their health stock instantaneously to an "optimal" level without adjustment costs. The Grossman model then predicts the existence of a health...

Recall bias is a pervasive problem in the analysis of retrospective data (Shyrock et al., 1973; Ewbank, 1981). The problem is a recurrent concernin the litterature on the determinants of breastfeeding duration, its trend over time, and the effect of breastfeeding on infant mortality.

This paper examines wealth data in the Health and Retirement Study (HRS).

Using data from the New Haven EPESE, we examine the relationship between family structure and the risk of first nursing home admission.

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a sufficiently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. The authors present a life-cycle model...

The authors use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. They estimate that technological change along with the...

What are the health impacts of retirement? As talk of raising retirement ages in pensions and social security schemes continues around the world, it is important to know both the costs and benefits for the individual as well as government budgets. The authors use the Survey of Health, Aging and...

The theoretical and empirical literature on parental investment focuses on whether child-specific parental investments reinforce or compensate for a child's initial endowments. However, many parental investments, such as neighborhood quality and family size and structure, are shared wholly or in...

After almost three decades of sustained economic growth, Indonesia is currently in the midst of a major economic and financial crisis. This paper seeks to contribute new evidence on three questions: who has been affected most by the crisis, how they have been affected and how they have responded...