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Medical innovations and ageing : a health economics perspective

Grossmann, Volker - 2021

This paper discusses the relationship between medical innovations and ageing from a health economics perspective and surveys empirical evidence on medical R&D incentives, R&D costs of pharmaceuticals, and the cost-effectiveness of health innovations. Particular focus is on the endogeneity of...

Persistent link: https://www.econbiz.de/10012653346

Mums go online : is the internet changing the demand for healthcare?

Amaral-Garcia, Sofia; Nardotto, Mattia; Propper, Carol; … - 2020

We study the effect of internet diffusion on childbirth procedures performed in England between 2000 and 2011. We exploit an identification strategy based on geographical discontinuities in internet access generated by technological factors. We show that broadband internet access increased...

Persistent link: https://www.econbiz.de/10012383676

Job search and savings : wealth effects and duration dependence

Lentz, Rasmus; Tranæs, Torben - 2001

In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment; layoffs are random and beyond the worker s influence, while the re-employment chance is directly affected by search effort. We characterize the worker s optimal savings and job-search...

Persistent link: https://www.econbiz.de/10011398412

Too slow a change? : deep habits, consumption shifts and transitory tax policy

Van den Bijgaart, I. M. - 2018

Habits are an important cause of sluggish consumption adjustment in response to price shocks. This paper studies shifts within the consumption bundle under endogenous habit formation. I put forward a model with good-specific, or "deep", habits that cause persistence in good-specific consumption....

Persistent link: https://www.econbiz.de/10011814737

R&D-driven medical progress, health care costs, and the future of human longevity

Böhm, Sebastian; Grossmann, Volker; Strulik, Holger - 2018

In this paper we set up an overlapping generations model of gerontological founded human aging that takes the interaction between R&D-driven medical progress and access to health care into account. We use the model to explore potential futures of human health and longevity. For the baseline...

Persistent link: https://www.econbiz.de/10011794846

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic … for price increases than for price decreases and thus firms face a downward-sloping demand curve that is kinked at the … consumers' reference price. Firms adjust their prices flexibly in response to variations in this demand curve, in the context of …

Persistent link: https://www.econbiz.de/10010354159

Marriage and consumption insurance : what s love got to do with it?

Hess, Gregory D. - 2001

This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is negatively correlated with her own) as it raises her...

Persistent link: https://www.econbiz.de/10011399259

For better or for worse? : state-level marital formation and risk sharing

Chami, Ralph; Hess, Gregory D. - 2002

Why do some U.S. states have higher levels of marital formation than others? This paper introduces an economic model wherin a state s representative individual may choose to marry in order to diversify his or her idiosyncratic income risk. The paper demonstrates that such a diversification...

Persistent link: https://www.econbiz.de/10011409730

Are consumers planning consumption according to an Euler equation?

Dräger, Lena - 2016

Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...

Persistent link: https://www.econbiz.de/10011573880

Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock

Khorunzhina, Natalia - 2019

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’...

Persistent link: https://www.econbiz.de/10012024427

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