Life-cycle effects of health risk
| dc.contributor.author | Capatina, Elena | en |
| dc.date.accessioned | 2025-05-25T03:23:04Z | |
| dc.date.available | 2025-05-25T03:23:04Z | |
| dc.date.issued | 2015-09-01 | en |
| dc.description.abstract | Health status affects individuals' labor supply, asset accumulation and welfare through four main channels: productivity, medical expenditures, time endowments and survival probabilities. Using a life-cycle model calibrated to the U.S. for different education groups, I evaluate the relative importance of each channel and quantify their interactions. The productivity and time endowment channels dominate in importance and the risks implied by them contribute significantly to income inequality and precautionary savings. Health effects are larger for the non-college than college educated and account to a large extent for the lower labor supply and higher reliance on government transfers of the non-college group. | en |
| dc.description.sponsorship | This paper is a revised version of my dissertation completed at University of Toronto. I am extremely grateful to my advisors Andrés Erosa and Gueorgui Kambourov for their guidance, encouragement and support. I would also like to thank the associate editor, Jonathan Heathcote, and an anonymous referee for very helpful comments. I also thank Luisa Fuster, Diego Restuccia, Michael Keane, John Piggott and Alan Woodland for their help and feedback. I also benefited from the suggestions made by many participants in the seminars at University of Toronto, Ryerson University, Autonomous University of Barcelona, National Graduate Institute for Policy Studies, University of New South Wales, Australian National University and University of Queensland. I acknowledge the financial support of the Australian Research Council Centre of Excellence in Population Ageing Research (project number CE110001029 ). All errors are my own. | en |
| dc.description.status | Peer-reviewed | en |
| dc.format.extent | 22 | en |
| dc.identifier.issn | 0304-3932 | en |
| dc.identifier.other | ORCID:/0000-0002-8736-459X/work/162949816 | en |
| dc.identifier.scopus | 84939803098 | en |
| dc.identifier.uri | http://www.scopus.com/inward/record.url?scp=84939803098&partnerID=8YFLogxK | en |
| dc.identifier.uri | https://hdl.handle.net/1885/733753270 | |
| dc.language.iso | en | en |
| dc.rights | Publisher Copyright: © 2015 Elsevier B.V. | en |
| dc.source | Journal of Monetary Economics | en |
| dc.subject | Health | en |
| dc.subject | Life cycle models | en |
| dc.subject | Precautionary saving | en |
| dc.subject | Welfare | en |
| dc.title | Life-cycle effects of health risk | en |
| dc.type | Journal article | en |
| dspace.entity.type | Publication | en |
| local.bibliographicCitation.lastpage | 88 | en |
| local.bibliographicCitation.startpage | 67 | en |
| local.identifier.citationvolume | 74 | en |
| local.identifier.doi | 10.1016/j.jmoneco.2015.06.002 | en |
| local.identifier.pure | 5cbd889a-2f10-4144-8859-0a831f723922 | en |
| local.identifier.url | https://www.scopus.com/pages/publications/84939803098 | en |
| local.type.status | Published | en |