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We study the effect of ageing, defined an extra year of life, on health care utilisation. We disentangle the direct … effect of ageing, from other alternative explanations such as the presence of comorbidities and endogenous time to death (TTD …) that are argued to absorb the effect of ageing ( so-called 'red herring' hypothesis). We exploit individual level end of …
Persistent link: https://www.econbiz.de/10012213113
We propose a novel framework to analyse the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone...
Persistent link: https://www.econbiz.de/10011704338
This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...
Persistent link: https://www.econbiz.de/10011581722
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....
Persistent link: https://www.econbiz.de/10011821425
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10009581355
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10009310831
-sectional data arises from offsetting ageing and cohort effects. In these countries more recent birth cohorts have lower levels of …
Persistent link: https://www.econbiz.de/10011497120
public expenditures may intensify in ageing economies. …
Persistent link: https://www.econbiz.de/10011450600
from The Irish Longitudinal Study on Ageing (TILDA). Ordinary least square (OLS) regressions show a significant negative …
Persistent link: https://www.econbiz.de/10011455644
We argue that retirement from work may affect marital status according to the predictions of quite standard economic models of marriage and divorce. Retirement may make singles less marriageable as well as impacting negatively marriage stability for married people. We exploit retirement laws in...
Persistent link: https://www.econbiz.de/10012002260