Showing 1 - 10 of 55
This paper models the effect of a HIV/AIDS epidemic on saving behavior and studies the welfare effects of testing for HIV. The model specifies a utility function that includes both regular consumption, and medical expenditures. Medical expenditures generate more utility if individuals are HIV...
Persistent link: https://www.econbiz.de/10011090784
in opposing forces on savings: mortality increases, which reduces savings, and long-term illness risk increases, which … increased mortality decreases the amount of savings and that having a high perception of HIV contamination risk increases …
Persistent link: https://www.econbiz.de/10011090867
substantial reductions in newborn mortality. We provide suggestive evidence that proximity to medical technologies may be an …
Persistent link: https://www.econbiz.de/10011090342
In this contribution the authors show that development assistance targeting reproductive health overwhelmingly concentrates on HIV/AIDS at the expense of family planning elements. Data on financial contributions disbursed by governments and private foundations are used as collected by the...
Persistent link: https://www.econbiz.de/10011090730
From 1977-2001, 15 US states mandated health insurance providers to offer coverage for infertility treatment. Although the majority of the past literature has studied impacts on older women who are likely to seek treatment, this paper proposes that the mandates may have had a wider impact on the...
Persistent link: https://www.econbiz.de/10011091155
In this paper, we investigate the relationship between financial wealth, reservation wages and labour market transitions. According to the theory, higher levels of wealth will result in higher reservation wages and lower employment probabilities. We test for the validity of this assumption by...
Persistent link: https://www.econbiz.de/10011092772
This paper explores the optimal risk sharing arrangement between generations in an overlapping generations model with endogenous growth.We allow for nonseparable preferences, paying particular attention to the risk aversion of the old as well as overall "life-cycle" risk aversion.We provide a...
Persistent link: https://www.econbiz.de/10011092829
Among U.S. middle-class households, the marginal propensity to consume is either invariant to household wealth or a U-shaped function thereof. In contrast, precautionary savings models predict that wealth reduces the marginal propensity to consume. We bridge this gap between theory and data with...
Persistent link: https://www.econbiz.de/10011193658
Risk premia in the consumption capital asset pricing model depend on preferences and dividend. We develop a decomposition which allows a separate treatment of both components. We show that preferences alone determine the risk-return tradeoff measured by the Sharpe-ratio. In general, the...
Persistent link: https://www.econbiz.de/10011090587
This paper explores the interaction between retirement flexibility and portfolio choice in an overlapping …-generations model. We analyse this interaction both in a partial-equilibrium and general-equilibrium setting. Retirement flexibility is … positive relationship between risk taking and retirement fl exibility is weakened - and under some conditions even turned …
Persistent link: https://www.econbiz.de/10011091480