Showing 1 - 10 of 70
We quantify the effects of the Affordable Care Act (ACA) using a stochastic general equilibrium overlapping generations model with endogenous health capital accumulation calibrated to match U.S. data on health spending and insurance take-up rates. We find that the introduction of an insurance...
Persistent link: https://www.econbiz.de/10013068994
We study the optimal progressivity of income taxation in a Bewley-Grossman model of health capital accumulation where individuals are exposed to earnings and health risks over the lifecycle. We impose the U.S. tax and transfer system and calibrate the model to match U.S. data. We then optimize...
Persistent link: https://www.econbiz.de/10012960302
We quantify the effects of population aging on the U.S. healthcare system. Our analysis is based on a stochastic general equilibrium overlapping generations model of endogenous health accumulation calibrated to match pre-2010 U.S. data. We find that population aging not only leads to large...
Persistent link: https://www.econbiz.de/10012960303
In this paper we quantitatively explore the overall welfare bene ts of social health insur-ance which is embedded in the US mixed health insurance system. We compare the currentUS mixed insurance system to three alternative systems: (i) a no health insurance system,(ii) a purely private health...
Persistent link: https://www.econbiz.de/10012854484
We formulate an overlapping generations model with skill heterogeneity and productive and non-productive government programs to study the macroeconomic and intergenerational welfare effects caused by risk premium shocks and government debt reductions. We demonstrate that in a small open economy...
Persistent link: https://www.econbiz.de/10013045975
We study optimal income tax progressivity in an environment where individuals are exposed to idiosyncratic income and health risks over the lifecycle. Our results, based on a calibration for the US economy, indicate that the presence of health risk combined with incomplete insurance markets...
Persistent link: https://www.econbiz.de/10012916804
In Brazil, generous public sector pensions have induced civil servants to retire on average at age 55. In this paper we use an OLG model to assess the effects of such policy induced early retirement on capital accumulation and long-run income levels. We calibrate the model to data from Brazil...
Persistent link: https://www.econbiz.de/10012717607
We investigate the dynamic general equilibrium effects of introducing a social assistance program to elderly informal sector workers in developing countries. We find that the extension of such ldquo;retirement benefitsrdquo; in environments with lacking private sector risk-sharing mechanisms...
Persistent link: https://www.econbiz.de/10012721046
We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that...
Persistent link: https://www.econbiz.de/10013318208
We investigate the association between age and medical spending in the U.S. using data from the Medical Expenditure Panel Survey. We estimate a partially linear seminonparametric model and construct “pure” life-cycle profiles of health spending simultaneously controlling for time effects...
Persistent link: https://www.econbiz.de/10010994459