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estimation results show that trends in health can be largely captured by trends in the observed macroeconomic quantities. Next …This paper proposes a model for self-assessed health at an aggregate level that allows to generate age- and gender …-specific stochastic forecasts of future health. We decompose health status into a time effect and an age effect. We then further decompose …
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The asymmetric moving average model (asMA) is extended to allow forasymmetric quadratic conditional heteroskedasticity (asQGARCH). Theasymmetric parametrization of the conditional variance encompassesthe quadratic GARCH model of Sentana (1995). We introduce a framework fortesting asymmetries in...
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