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A collective retirement model : identification and estimation in the presence of externalities

Michaud, Pierre-Carl (contributor); … - 2004 - [Elektronische Ressource]

We study the labor supply dynamics of elderly couples by means of a structural collective model. The model allows for general externalities with respect to spouses' leisure. Preferences and the intrahousehold bargaining process are identified by using panel data with couples and individuals who...

Persistent link: https://www.econbiz.de/10002352153

Employment dynamics of married women in Europe

Michaud, Pierre-Carl (contributor); … - 2005

heterogeneity. Results are used to relate cross-country differences in the employment rate to the estimated dynamic regimes. We find … that cross-country differences in the employment rate and the persistence of employment transitions of married women are … the dynamic effect of fertility. -- intertemporal labor supply ; female employment ; dynamic binary choice models …

Persistent link: https://www.econbiz.de/10003039651

The rise in obesity across the Atlantic : an economic perspective

Brunello, Giorgio (contributor); … - 2008

We provide comparable evidence on the patterns and trends in obesity across the Atlantic and analyse whether there are economic rationales for public intervention to control obesity. We take into account equity issues as well as efficiency considerations, which are organized around three...

Persistent link: https://www.econbiz.de/10003729406

Understanding the economic consequences of shifting trends in population health

Michaud, Pierre-Carl; Goldman, Dana P.; Lakdawalla, Darius - 2009

The public economic burden of shifting trends in population health remains uncertain. Sustained increases in obesity, diabetes, and other diseases could reduce life expectancy - with a concomitant decrease in the public-sector's annuity burden - but these savings may be offset by worsening...

Persistent link: https://www.econbiz.de/10003884098

International differences in longevity and health and their economic consequences

Michaud, Pierre-Carl; Goldman, Dana P.; Lakdawalla, Darius - 2009

In 1975, 50 year-old Americans could expect to live slightly longer than their European counterparts. By 2005, American life expectancy at that age has diverged substantially compared to Europe. We find that this growing longevity gap is primarily the symptom of real declines in the health of...

Persistent link: https://www.econbiz.de/10003893888

On the rise of health spending and longevity

Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus; … - 2009

We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...

Persistent link: https://www.econbiz.de/10003925549

Heterogeneous returns to human capital and dynamic self-selection

Belzil, Christian; Hansen, Jörgen - 2001

We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...

Persistent link: https://www.econbiz.de/10011401014

Subjective discount rates, intergenerational transfers and the return to schooling

Belzil, Christian; Hansen, Jörgen - 1999

Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...

Persistent link: https://www.econbiz.de/10011313951

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...

Persistent link: https://www.econbiz.de/10011411639

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...

Persistent link: https://www.econbiz.de/10011411668