The long-term care problem, precautionary saving, and economic growth

被引：7

作者：

Hemmi, Noriyoshi

Tabata, Ken

Futagami, Koichi

机构：

[1] Hokkai Gakuen Univ, Fac Econ, Toyohira Ku, Sapporo, Hokkaido 0628605, Japan

[2] Kobe City Univ Foreign Studies, Kobe, Hyogo, Japan

[3] Osaka Univ, Fac Econ, Osaka, Japan

来源：

JOURNAL OF MACROECONOMICS | 2007年 / 29卷 / 01期

关键词：

after-retirement health shocks; precautionary saving motives; multiple steady state equilibria; MODEL;

D O I：

10.1016/j.jmacro.2005.04.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the interaction between decisions about financing after-retirement health shocks and precautionary saving motives, and how this interaction affects economic development. We show that at low levels of income, individuals choose not to save to finance the cost of after-retirement health shocks. However, once individuals become sufficiently rich, they do choose to save to finance the cost of these shocks. This change in individual saving behavior may give rise to multiple steady state equilibria. (c) 2006 Elsevier Inc. All rights reserved.

引用

页码：60 / 74

页数：15

共 14 条

[1] HUMAN-CAPITAL AND THE RISE AND FALL OF FAMILIES [J].