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Efficiency in family bargaining: living arrangements and caregiving decisions of adult children and disabled elderly parents
Pezzin, Liliana E.; Pollak, Robert A.; Schone, Barbara S. - 2007
In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...
Persistent link: https://www.econbiz.de/10010264063
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Morbidity, mortality, health expenditures and annuitization
Tang, Kam Ki; Zhang, Jie - 2007
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...
Persistent link: https://www.econbiz.de/10010264199
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Demography and innovative entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010264224
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Demographic change and regional labour markets: the case of Eastern Germany
Henschel, Beate; Pohl, Carsten; Thum, Marcel - 2008
Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...
Persistent link: https://www.econbiz.de/10010264373
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Economic growth and subjective well-being: reassessing the Easterlin paradox
Stevenson, Betsey; Wolfers, Justin - 2008
relationship between subject well-being and income observed within countries. Finally, examining the relationship between changes … in subjective well-being and income over time within countries we find economic growth associated with rising happiness …. Together these findings indicate a clear role for absolute income and a more limited role for relative income comparisons in …
Persistent link: https://www.econbiz.de/10010264434
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Macroeconomic modeling when agents are imperfectly informed
De Grauwe, Paul - 2008
DSGE-models have become important tools of analysis not only in academia but increasingly in the board rooms of central banks. The success of these models has much to do with the coherence of the intellectual framework it provides. The limitations of these models come from the fact that they...
Persistent link: https://www.econbiz.de/10010273776
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Population, population density, and technological change
Klasen, Stephan; Nestmann, Thorsten - 2004
income determines the population that can be sustained, with the Boserupian insight that greater population spurs …
Persistent link: https://www.econbiz.de/10010261207
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The political economy of intergenerational cooperation
Cigno, Alessandro - 2005
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10010261395
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Economic Inequality and COVID-19 Death Rates in the First Wave, a Cross-Country Analysis
Davies, James B. - 2021
The cross-country relationship between Covid-19 crude mortality rates and previously measured income inequality and … associated with higher mortality. The death rate has a consistent strong positive relationship with the Gini coefficient for … income. Poverty as measured by the $1.90 per day standard has a small negative association with death rates. The elasticity …
Persistent link: https://www.econbiz.de/10013237221
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Inequity Aversion, Welfare Measurement and the Gini Index
Schmidt, Ulrich; Wichardt, Philipp Christoph - 2018
utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …
Persistent link: https://www.econbiz.de/10011872086