In this paper, I develop a quantitative macroeconomic model with endogenous health and endogenous longevity and use it … Social Security increases health spending and longevity, it also increases the insurance payments from these programs, thus …

The role of “errors in time” (Fanno, 1933) or “disappointment of expectations” (Hicks, 1933) was a major object of … (Keynes, Hayek, Hicks) dealt with expectations and their disappointment in their theory of fluctuations. Part II provides … assumptions and arguments which either neglect the impact of the disappointment of expectations on macroeconomic disequilibrium or …

information about expected and actual prices to be paid. We recorded participants’ self-assessed satisfaction or disappointment on …

By assuming that grandparents take care of grandchildren, in this paper we aim at studying the effects of longevity on … economic growth in the basic OLG model with endogenous fertility. We show that a rise in longevity can actually reduce long …-run growth. Moreover, we also find that an increasing longevity (i) increases the supply of labour by the young parents, and (ii …

. Building on a lifecycle model with uncertain longevity, this paper shows that increased life expectancy does not suffice to …

increased longevity leads to higher aggregate savings in steady state. The analysis is based on a lifecycle model with uncertain … longevity in which individuals choose an optimum consumption path and a retirement age. Conditions on the age-specific pattern … of improvements in survival probabilities are shown to ensure that individual savings rise with longevity and that …

function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive … the ambiguity of the departure from risk-neutrality. This ambiguity can produce the ordinary risk seeking behavior as well … as mathematical catastrophes of Veblen-effect’s imprudence and over prudence of family altruism. The comeback to risk …