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Going from bad to worse : adaptation to poor health, health spending, longevity, and the value of life

Schünemann, Johannes; Strulik, Holger; Trimborn, Timo - 2015

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young … individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life … adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …

Persistent link: https://www.econbiz.de/10011388100

A closed-form solution for the health capital model

Strulik, Holger - 2014

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

Persistent link: https://www.econbiz.de/10010429139

The marriage gap : optimal aging and death in partnerships

Schünemann, Johannes; Strulik, Holger; Trimborn, Timo - 2018

making of a couple into a biologically founded life-cycle model of health deficit accumulation and endogenous longevity. We …

Persistent link: https://www.econbiz.de/10011796788

Optimal aging with uncertain death

Strulik, Holger - 2013 - First Version: December 2011, This Version: June 2013

Persistent link: https://www.econbiz.de/10009757276

Smoking kills : an economic theory of addiction, health deficit accumulation, and longevity

Strulik, Holger - 2017

In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … theory in which individuals take into account the fact that the consumption of addictive goods reduces their health and …

Persistent link: https://www.econbiz.de/10011673693

Transfers in the gravity equation : the case of foreign aid

Kruse, Hendrik W.; Martínez-Zarzoso, Inmaculada - 2016

This paper presents a theoretical gravity model of trade in which foreign aid is considered as a transfer instead of being part of the trade cost, as it has been previously done in the related literature. We argue that the usual specification leads to invalid out-of-sample predictions, biased...

Persistent link: https://www.econbiz.de/10011521275

Industrialisation and the big push in a global economy

Kreickemeier, Udo; Wrona, Jens - 2020

In this paper, we develop a multi-country open economy extension of the famous Big Push model for a closed economy by Murphy et al. (1989). We show under which conditions the global economy in our model is caught in a poverty trap, characterised by a low-income equilibrium from which an escape...

Persistent link: https://www.econbiz.de/10012158919

Financial crises, capital liquidation and the demand for international reserves

Mourmouras, Alexandros Thomas; Russel, Steven H. - 2009

We study a simple neoclassical model of investment in a developing country, modified to allow for long-term projects and short-term debt. Early signals indicating low productivity of investment may lead creditors to call loans in early. In such a crisis, firms protected by limited liability...

Persistent link: https://www.econbiz.de/10003905653

Should WTO dispute settlement be subsidized?

Wilckens, Sebastian (contributor) - 2007

This paper develops a model of the WTO dispute settlement process (DSP) to study the recent proposal by legal scholars to subsidize litigation costs. The high cost of litigation, so the argument, is a major obstacle for developing countries to using the DSP to enforce developed countries';...

Persistent link: https://www.econbiz.de/10003456063