Juergen Jung, Chung Tran and Matthew Chambers
We quantify the effects of population aging on the US healthcare system. Our analysis is based on a stochastic general equilibrium overlapping generations model of endogenous health accumulation calibrated to match pre-2010 U.S. data.
Shang Wu, Hazel Bateman and Ralph Stevens
Whereas there is ample evidence that life-contingent income products (life annuities) have the potential to improve individual welfare, combining them with health-contingent income products (resulting in so-called life care annuities) would serve to further increase welfare for individuals who are exposed to uncertain out-of-pocket healthcare expenditure later in life.
Monisankar Bishnu, Cagri S. Kumru and Arm Nakornthab
In this paper we derive the expression for optimal inheritance tax when agents' preferences are subject to temptation and self control problem.
Hazel Bateman, Isabella Dobrescu, Ben R. Newell, Andreas Ortmann and Susan Thorp
Short, standardized financial product disclosures should make comparisons easier, support better choices and reduce welfare losses. Using incentivized experiments, we investigate how and when prescribed fee and return information in standardized disclosures prompt efficient switches between retirement plans.
Heather Booth, Leonie Tickle and Jiaying Zhao
Mortality change in Australia since 1907 is analysed in the light of Epidemiologic Transition theory. Australia began the twentieth century in the second age of the Epidemiologic Transition, the Age of Receding Pandemics.
George Kudrna
Population ageing, a demographic transition that will accelerate in NSW over the next few decades, is creating economic opportunities as well as significant challenges for the NSW economy and the state government.
Juergen Jung and Chung Tran
We quantitatively explore the welfare implications of three common approaches to providing social health insurance: (i) a mix of private and public health insurance (US-style), (ii) compulsory universal public health insurance (UPHI), and (iii) private health insurance for workers combined with government subsidies and price regulation.
Zixi Li, Adam W. Shao and Michael Sherris
Multiple state functional disability models do not generally include systematic trend and uncertainty. We develop and estimate a multi-state latent factor intensity model with transition and recovery rates depending on a stochastic frailty factor to capture trend and uncertainty.
Cagri Kumru and Arm Nakornthab
We study the interaction between estate taxation and annuity demand both analytically and quantitatively. Our quantitative model is rich enough to capture the important features of the economy such as business investment, borrowing constraints, estate transmission, and wealth inequality.
