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Optimal tax policy and expected longevity: A mean and variance utility approach
Leroux, Marie-Louise; Ponthière, Grégory - HAL - 2008
This paper studies the normative problem of redistribution between agents who can infuence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, a two-period model is...
Persistent link: https://www.econbiz.de/10010738885
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Optimal tax policy and expected longevity: a mean and variance approach
LEROUX, Marie-Louise; PONTHIERE, Grégory - Center for Operations Research and Econometrics (CORE), … - 2008
This paper studies the normative problem of redistribution between agents who can influence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, we develop a two-period...
Persistent link: https://www.econbiz.de/10005043161
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Social Security and the Rise in Health Spending
Zhao, Kai - Department of Economics, University of Connecticut - 2014
In a quantitative model of Social Security with endogenous health, I argue that Social Security increases the aggregate health spending of the economy because it redistributes resources to the elderly whose marginal propensity to spend on health is high. I show by using computational experiments...
Persistent link: https://www.econbiz.de/10010888366
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Social security and the rise in health spending: a macroeconomic analysis
Zhao, Kai - Volkswirtschaftliche Fakultät, … - 2011
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 …
Persistent link: https://www.econbiz.de/10009368478
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Accounting for the Rise of Health Spending and Longevity
Fonseca, Raquel; Michaud, Pierre-Carl; Kapteyn, Arie; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2013
investigate the causes behind the increase in health spending and longevity in the U.S. over the period 1965-2005. We estimate …
Persistent link: https://www.econbiz.de/10010693196
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Accounting for the Rise of Health Spending and Longevity
Fonseca, Raquel; Michaud, Pierre-Carl; Kapteyn, Arie; … - Institute for the Study of Labor (IZA) - 2013
investigate the causes behind the increase in health spending and longevity in the U.S. over the period 1965-2005. We estimate …
Persistent link: https://www.econbiz.de/10010697235
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On the Rise of Health Spending and Longevity
Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus J.; … - RAND - 2009
The authors 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. They estimate that technological change along with the...
Persistent link: https://www.econbiz.de/10008476236
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Social security and the rise in health spending
Zhao, Kai - In: Journal of Monetary Economics 64 (2014) C, pp. 21-37
In a quantitative model of Social Security with endogenous health, I argue that Social Security increases the aggregate health spending of the economy because it redistributes resources to the elderly whose marginal propensity to spend on health is high. I show by using computational experiments...
Persistent link: https://www.econbiz.de/10011120389
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A prospect theory approach to assessing changes in parameters of insurance contracts with an application to money-back guarantees
Heiman, Amir; Just, David R.; McWilliams, Bruce P.; … - In: Journal of Behavioral and Experimental Economics … 54 (2015) C, pp. 105-117
trading off risk with price in a way that resembles a choice of lotteries with multidimensional outcomes. Our application …, which integrates reference based utility models with elements of prospect theory and the disappointment model, helps in … show that the combination of probability weighting with disappointment aversion appears to provide a better explanation for …
Persistent link: https://www.econbiz.de/10011220549
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Education, Disappointment and Optimal Policy
Anderberg, Dan; Cerrone, Claudia - CESifo - 2014
explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10011103402