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R. ABRAM, Auteur ; M. BORELLA, Auteur ; M. DE NARDI, Auteur ; Federal Reserve Bank of Minneapolis. Resarch Division. Minneapolis MN. USA, Auteur | Minneapolis : Federal Reserve Bank of Minneapolis | 2024We measure health inequality during middle and old age by race, ethnicity, and gender and evaluate the extent to which it can explain inequalities in other key economic outcomes using the Health and Retirement Study data set. Our main measure of[...]Document de travail
E. CAPATINA, Auteur ; M. KEANE, Auteur | Minneapolis : Federal Reserve Bank of Minneapolis | 2023/11We specify and calibrate a life-cycle model of labor supply and savings incorporating health shocks and medical treatment decisions. Our model features endogenous wage formation via human capital accumulation, employer-sponsored health insurance[...]Document de travail
M. BORELLA ; M. DE NARDI ; Federal Reserve Bank of Minneapolis. Resarch Division. Minneapolis MN. USA ; Federal Reserve Bank of Minneapolis. Resarch Division. Minneapolis MN. USA | Minneapolis : Federal Reserve Bank of Minneapolis | 2020In old age, consumption can fluctuate because of shocks to available resources and because health shocks affect utility from consumption. We find that even temporary drops in income and health are associated with drops in consumption and most of[...]Ouvrage
E.R. MCGRATTAN ; M. KAZUAKI ; A. PERALTA-ALVA ; Federal Reserve Bank of Minneapolis. Resarch Division. Minneapolis MN. USA | Minneapolis : Federal Reserve Bank of Minneapolis | 2019Japan is facing the problem of how to finance retirement, health care, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equil[...]Document de travail
J.C. CONESA ; P. KAMALI ; T. KEHOE ; et al. ; Federal Reserve Bank of Minneapolis. Resarch Division. Minneapolis MN. USA | Minneapolis : Federal Reserve Bank of Minneapolis | Staff reportThis paper develops an overlapping generations model to study the macroeconomic effects of an unexpected elimination of Medicare. We find that a large share of the elderly respond by substituting Medicaid for Medicare. Consequently, the governme[...]