This paper studies the effects of health shocks on the demand for health insurance and annuities, along with precautionary saving in a dynamic life-cycle model. I argue that when the health shock can simultaneously increase health expenses and reduce longevity, rational agents would neither...

In this paper, I argue that an important cause of the postwar baby boom in the US was the dramatic reduction in government debt (via income taxation) in the two decades following WWII. A reduction in government debt (via income taxation) increases fertility by changing the tax burden of...

According to the latest revised agricultural economic statistical data in China Statistical Yearbook-2010, by selecting and establishing the square root-treated grey model, the empirical analysis and forecast research on the grain output of China from 201 1 to 2015 are conducted. The results...

In this paper, I develop a quantitative macroeconomic model with endogenous health and endogenous longevity and use it to study the impact of Social Security on aggregate health spending. I find that Social Security increases the aggregate health spending of the economy via two channels. First,...

This paper studies the effects of health shocks on the demand for health insurance and annuities, precautionary saving, and the welfare implications of public policies in a simple life-cycle model. I show that when the health shock simultaneously increases health expenses and reduces longevity,...

Battery peak power capability estimations play an important theoretical role for the proper use of the battery in electric vehicles. To address the failures in relaxation effects and real-time ability performance, neglecting the battery’s design limits and other issues of the traditional peak...

According to the latest amended agricultural economic statistical data from 1996 to 2009 in Henan Statistical Yearbook-2010，by selecting and establishing the optimized grey model of logarithmic new developed coefficient, we conduct the empirical analysis and forecast research on the grain...

Rising income and wealth inequality across the developed world has prompted a renewed focus on the mechanisms driving inequality. This paper contributes to the existing literature by studying the impact from life-cycle savings, intergenerational transfers, and fertility differences between the...

Rising income and wealth inequality across the developed world has prompted a renewed focus on the mechanisms driving inequality. This paper contributes to the existing literature by studying the impact from life-cycle savings, intergenerational transfers, and fertility differences between the...