Showing 1 - 10 of 2,469
, effectively defeating the tyranny of discounting. A back-of-the-envelope calibration suggests that this last result is realistic …
Persistent link: https://www.econbiz.de/10010227375
Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an...
Persistent link: https://www.econbiz.de/10010226540
Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per...
Persistent link: https://www.econbiz.de/10010227389
Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health … explain heterogeneity in economic behaviour by education and cognitive functioning. Analysis of eight waves of the US Health …
Persistent link: https://www.econbiz.de/10010532122
Reliance on self-rated health to proxy medical need can bias estimation of education-related inequity in health care … utilisation. We correct this bias both by instrumenting self-rated health with objective health indicators and by purging self …-rated health of reporting heterogeneity identified from health vignettes. Using data on elderly Europeans, we find that …
Persistent link: https://www.econbiz.de/10011382501
We study the effects of genetic endowments on inequalities in education, income, and health. Specifically, we conduct … our genetic score and socioeconomic outcomes is causal, (ii) genetic luck for higher income is linked with better health …
Persistent link: https://www.econbiz.de/10012264989
This paper investigates the impact of parental education on child health outcomes. To identify the causal effect we … leaving age by one year had little effect on the health of their offspring. Schooling did however improve economic … child health are at most modest. …
Persistent link: https://www.econbiz.de/10011350377
Persistent link: https://www.econbiz.de/10003408408
Persistent link: https://www.econbiz.de/10003705990
This paper estimates the health returns to education, using data on identical twins. I adopt a twin … both education and health. I further investigate to what extent within-twin-pair differences in schooling correlates with … within-twin-pair differences in early life health and parent-child relations. The results suggest a causal effect of …
Persistent link: https://www.econbiz.de/10011374414