G2TT
来源类型Article
规范类型其他
DOI10.1016/j.jet.2015.04.006
Optimal choice of health and retirement in a life-cycle model.
Kuhn M; Wrzaczek S; Prskawetz A; Feichtinger G
发表日期2015
出处Journal of Economic Theory 158: 186-212
出版年2015
语种英语
摘要We examine within a life-cycle model the simultaneous choice of health care and retirement (together with consumption). Health tends to have an impact on retirement through morbidity, determining earnings and the disutility of work, and through longevity, determining the need to accumulate retirement wealth. Conversely, the age of retirement drives the demand for health care through the value of survival and the value of morbidity reductions. We characterise the optimal relationship between health expenditure and retirement and apply our model to analyse the effects of moral hazard in the annuity market. While moral hazard always induces excessive health investments and an excessive duration of working life, it also triggers an excessive level of consumption if the impact of health on the disutility of work is sufficiently large. We examine a transfer scheme and mandatory retirement as poicies towards curtailing moral hazard. Numerical analysis illustrates the role of moral hazard in shaping the life-cycle allocation.
主题World Population (POP)
关键词health life-cycle model moral hazard retirement value of life
URLhttp://pure.iiasa.ac.at/id/eprint/11448/
来源智库International Institute for Applied Systems Analysis (Austria)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/130358
推荐引用方式
GB/T 7714
Kuhn M,Wrzaczek S,Prskawetz A,et al. Optimal choice of health and retirement in a life-cycle model.. 2015.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Kuhn M]的文章
[Wrzaczek S]的文章
[Prskawetz A]的文章
百度学术
百度学术中相似的文章
[Kuhn M]的文章
[Wrzaczek S]的文章
[Prskawetz A]的文章
必应学术
必应学术中相似的文章
[Kuhn M]的文章
[Wrzaczek S]的文章
[Prskawetz A]的文章
相关权益政策
暂无数据
收藏/分享

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。