Showing 1 - 10 of 10
labor market, but instead the Spanish family does not seem to have been an important insurance mechanism. Regarding …
Persistent link: https://www.econbiz.de/10008506839
experience on preferences for attributes of health-care events. We are using two very different samples and a methodology that … facilitates the estimation of marginal utilities of various attributes of a composite non-traded health-care service. Discrete … is that preferences for health-care attributes are significantly changed as a result of experience with the health event …
Persistent link: https://www.econbiz.de/10005123715
as experience is accumulated. This paper tests the effect of experience with a health-care service on preferences for … basic findings are that preferences change significantly as a result of experience with the health event; that the effect of …
Persistent link: https://www.econbiz.de/10005656214
conventional measures of insurance based on the response of non-durable consumption to income changes. The sign of this bias … depends critically on the persistence of the shock. We show that households have less insurance against transitory shocks and … more insurance against permanent shocks than commonly measured. We calibrate the model economy to the US in order to …
Persistent link: https://www.econbiz.de/10011084596
A Discrete Choice Experiment (DCE) in the health-care sector is used to test the loss aversion theory that is derived … with non-tangible attributes. A health-care event is used for empirical illustration: The loss aversion theory is tested …
Persistent link: https://www.econbiz.de/10005792351
What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …
Persistent link: https://www.econbiz.de/10011083449
We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …
Persistent link: https://www.econbiz.de/10011084544
Suppose an altruistic person - A - is willing to transfer resources to a second person - B - if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents’ point of view. This is the Samaritan’s dilemma. The logic of the dilemma has been...
Persistent link: https://www.econbiz.de/10005497793
In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...
Persistent link: https://www.econbiz.de/10005662104
In this article we quantify the aggregate, distributional and welfare consequences of investment expensing and progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type of reform brings about sizable output gains and a...
Persistent link: https://www.econbiz.de/10008854542