Showing 151 - 160 of 3,078
in frailty (risk of mortality) accommodates diminishing impatience, even in the presence of stationarity and time …
Persistent link: https://www.econbiz.de/10004977024
Using a dynamic panel approach, we provide empirical evidence that negative health shocks reduce earnings. The effect is primarily driven by the participation margin and is concentrated in less educated individuals and those with poor health. We build a dynamic, general equilibrium, life cycle...
Persistent link: https://www.econbiz.de/10012653489
This paper asks whether marriage decisions of unmarried mature couples are driven by the prospect of financial advantages for the later widowed after one partner has suffered a serious health shock. We hypothesize that, in contrast to traditional marriage models, such health shocks may induce...
Persistent link: https://www.econbiz.de/10014497532
application of this approach to parametric multiplicative frailty models and we show that the method works well in practice using …
Persistent link: https://www.econbiz.de/10005752621
possibly age-varying (non-proportional), and there is multiplicative frailty with arbitrary distribution. Our framework …
Persistent link: https://www.econbiz.de/10005787182
Life expectancy is overestimated if mortality is declining and underestimated if mortality is increasing. This is the fundamental claim made by Bongaarts and Feeney (2002) in their article "How Long Do We Live?", where they base their claim on arguments about "tempo effects on mortality". This...
Persistent link: https://www.econbiz.de/10005557955
Persistent link: https://www.econbiz.de/10005598624
Frailty models are the survival data analog to regression models, which account for heterogeneity and random effects. A … frailty is a latent multiplicative effect on the hazard function and is assumed to have unit mean and variance theta, which is … estimated along with the other model parameters. A frailty model is an heterogeneity model where the frailties are assumed to be …
Persistent link: https://www.econbiz.de/10005568783
frailty model where a baseline distribution (e.g. Weibull) is mixed with a continuous frailty distribution (e.g. Gamma). A … distribution of frailty in the weighted distribution and develop an EM algorithm for estimating the parameters of the model in the …
Persistent link: https://www.econbiz.de/10005278861
specification with regressors, and the risks are dependent by way of the unobserved heterogeneity, or frailty, components. We show …
Persistent link: https://www.econbiz.de/10005281807