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Praag, Bernard M. S. van; Ferrer-i-Carbonell, Ada - 2001

In this paper we evaluate the QALY losses, which are linked to the prevalence of specific chronic illnesses and … regarding the relationship between the latent variable "health" and its evaluation into observable QALY's. Second, we allow the … QALY loss caused by a illnesses to depend on age. For instance, according to our approach a 30 years old male suffering …

Persistent link: https://www.econbiz.de/10011402375

Nonparametric identification and stimation of nonadditive hedonic Models

Heckman, James J.; Matzkin, Rosa L.; Nesheim, Lars - 2009

This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium...

Persistent link: https://www.econbiz.de/10003879363

Do wages really compensate for risk aversion and skewness affection?

Hartog, Joop; Vijverberg, Wim P. M. - 2002

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of …

Persistent link: https://www.econbiz.de/10011405939

Measuring quality of life under spatial frictions

Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2024

Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions - generated by idiosyncratic tastes and local ties - dominate trade frictions -...

Persistent link: https://www.econbiz.de/10015162731

Gary Becker's contributions in health economics

Soares, Rodrigo Reis - 2014

This short essay reviews Gary Becker's contributions and influence in health economics. It was originally prepared for the collection of short papers in honor of Gary Becker that is scheduled to appear in the inaugural issue of the Journal of Demographic Economics.

Persistent link: https://www.econbiz.de/10010422036

Wages and the demand for health : a life cycle analysis

Dustmann, Christian; Windmeijer, Frank - 2000

This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...

Persistent link: https://www.econbiz.de/10011336871