Older wealth holders spend down assets much more slowly than predicted by classic life- cycle models. This paper introduces health-dependent utility into a model with incomplete …
Older Americans, even those who are long retired, have strong willingness to work, especially in jobs with flexible schedules. For many, labor force participation near or after …
WK Viscusi - Journal of Risk and Uncertainty, 2019 - Springer
This article reviews economic evidence on health-dependent utility functions and presents new estimates of utility functions for cancer. Estimates of health-dependent utility functions …
The public debate over disability insurance has centered on concerns about individuals without severe health conditions receiving benefits. We go beyond health risk alone to …
In a nationally representative sample, we predict retirement savings using survey‐based elicitations of exponential‐growth bias (EGB) and present bias (PB). We find that EGB, the …
G Koşar, C O'Dea - Handbook of Economic Expectations, 2023 - Elsevier
A growing literature uses now widely-available data on beliefs and expectations in the estimation of structural models. In this chapter, we review this literature, with an emphasis on …
H Gründl, D Guxha, A Kartasheva… - Journal of Risk and …, 2021 - Wiley Online Library
This paper analyzes the scope of the private market for pandemic insurance. We develop a framework that explains theoretically how the equilibrium price of pandemic insurance …
We investigate univariate and multivariate risk preferences for health (longevity) and wealth. We measure attitudes toward correlation and attitudes toward higher order dependence …
GR Arrieta, G Li - American Journal of Health Economics, 2023 - journals.uchicago.edu
We seek to understand how the labor market decisions of the family adjust in response to plausibly exogenous health shocks. Family members might work less to provide caregiving …