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Obesity is increasing worldwide for both adults and children. Genetic disposition is responsible for some variation in body weight but cannot explain the dramatic increase in the last two decades. The increase must be due to structural and behavioral changes. One such behavioral change is the...
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idiosyncratic shocks are experienced at the individual level, but responses to shocks can encompass the whole household …. Understanding and accurately modeling these responses is essential to the analysis of intra-household allocations, especially labor … disability and health status to develop a life-cycle framework which rationalizes observed responses of household members to …
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There is a large amount of intermediated borrowing and lending between households. Some of it is intergenerational, but most is between older households. The average difference in borrowing and lending rates is over 2 percent. In this paper, we develop a model economy that displays these facts...
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