کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986683 1480815 2013 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Health insurance and precautionary saving: A structural analysis
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Health insurance and precautionary saving: A structural analysis
چکیده انگلیسی

Starr-McCluer (1996) documented an empirical finding showing that US households covered by health insurance saved more than those without coverage, which is inconsistent with the standard consumption–saving theory. This study conducts a structural analysis and suggests that institutional factors, particularly, a social insurance or safety net system and an employment-based health insurance system, can account for this puzzling finding. A dynamic equilibrium model is built that combines these two institutions with heterogeneous agents making endogenous decisions regarding saving, the labor supply and health insurance when they are young. The model, in which agents save in a precautionary manner, can generate Starr-McCluerʼs empirical finding. The result implies that Starr-McCluerʼs results are not inconsistent with the standard theory of saving under uncertainty, but it does indicate that the standard saving regression model is unable to reveal the precautionary saving motive. Counterfactual experiments are performed to provide implications for empirical analyses.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 16, Issue 3, July 2013, Pages 511–526
نویسندگان
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