| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14796 |
| DP14796 Can Wealth Buy Health? A Model of Pecuniary and Non-Pecuniary Investments in Health | |
| Panagiotis Margaris; Johanna Wallenius | |
| 发表日期 | 2020-05-23 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In this paper we develop and estimate a life cycle model that features pecuniary and non-pecuniary investments in health, along with a cognitive ability gradient associated with said investments, in order to rationalize the socioeconomic gradients in health and life expectancy in the United States. Agents accumulate health capital, which affects the level of utility, labor productivity, the distribution of medical spending shocks and life expectancy. We find that the cognitive ability gradient to health investments and the differences in lifetime income account for the lion’s share of the observed life expectancy gap. Providing universal health insurance coverage has heterogeneous effects, depending on the progressivity of the financing mechanism, and at best results in a modest decrease in the life expectancy gap. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Inequality Health Time use Life cycle |
| URL | https://cepr.org/publications/dp14796 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543727 |
| 推荐引用方式 GB/T 7714 | Panagiotis Margaris,Johanna Wallenius. DP14796 Can Wealth Buy Health? A Model of Pecuniary and Non-Pecuniary Investments in Health. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
