Matches in SemOpenAlex for { <https://semopenalex.org/work/W4384133885> ?p ?o ?g. }
- W4384133885 endingPage "106442" @default.
- W4384133885 startingPage "106442" @default.
- W4384133885 abstract "Standard financial portfolio theory has difficulty reconciling that the risky portfolio share rises in wealth, named the “portfolio puzzle”. This paper addresses this puzzle from the health perspective, proposing a life cycle model with endogenous health investment and medical expenditure risk. This calibrated model remarkably matches the data, and this study finds endogenous health investment essential to explain the portfolio puzzle. Furthermore, medical expenditure risk is less significant and has a larger effect on the non-wealthy group than the wealthy group. This work provides health insights into households’ financial behavior. It also suggests that policies promoting the low wealthy to invest more and early in health capital improve their well-being and eventually reduce wealth inequality." @default.
- W4384133885 created "2023-07-14" @default.
- W4384133885 creator A5037079773 @default.
- W4384133885 date "2023-10-01" @default.
- W4384133885 modified "2023-09-23" @default.
- W4384133885 title "Health investment and medical risk: New explanations of the portfolio puzzle" @default.
- W4384133885 cites W1545475612 @default.
- W4384133885 cites W1583280453 @default.
- W4384133885 cites W1588478279 @default.
- W4384133885 cites W1965893486 @default.
- W4384133885 cites W1973207410 @default.
- W4384133885 cites W1984697146 @default.
- W4384133885 cites W1996073641 @default.
- W4384133885 cites W2005158847 @default.
- W4384133885 cites W2076684014 @default.
- W4384133885 cites W2081169337 @default.
- W4384133885 cites W2097685531 @default.
- W4384133885 cites W2118005939 @default.
- W4384133885 cites W2120904339 @default.
- W4384133885 cites W2122125930 @default.
- W4384133885 cites W2129386857 @default.
- W4384133885 cites W2147505247 @default.
- W4384133885 cites W2148623437 @default.
- W4384133885 cites W2164212499 @default.
- W4384133885 cites W2170879798 @default.
- W4384133885 cites W2172044895 @default.
- W4384133885 cites W251078720 @default.
- W4384133885 cites W2530525228 @default.
- W4384133885 cites W2535469050 @default.
- W4384133885 cites W2550763962 @default.
- W4384133885 cites W2553192765 @default.
- W4384133885 cites W2558677808 @default.
- W4384133885 cites W2735306010 @default.
- W4384133885 cites W2753085202 @default.
- W4384133885 cites W2760517464 @default.
- W4384133885 cites W2789278215 @default.
- W4384133885 cites W2890197167 @default.
- W4384133885 cites W2891257707 @default.
- W4384133885 cites W2901134694 @default.
- W4384133885 cites W3121358050 @default.
- W4384133885 cites W3121457514 @default.
- W4384133885 cites W3121510583 @default.
- W4384133885 cites W3121646377 @default.
- W4384133885 cites W3122790088 @default.
- W4384133885 cites W3123050338 @default.
- W4384133885 cites W3124406257 @default.
- W4384133885 cites W3124443929 @default.
- W4384133885 cites W3124623099 @default.
- W4384133885 cites W3125279569 @default.
- W4384133885 cites W3125424168 @default.
- W4384133885 cites W3132952759 @default.
- W4384133885 cites W3163723940 @default.
- W4384133885 cites W3210687650 @default.
- W4384133885 cites W3215467025 @default.
- W4384133885 cites W4200585071 @default.
- W4384133885 cites W4214830092 @default.
- W4384133885 cites W4241627017 @default.
- W4384133885 cites W4252307431 @default.
- W4384133885 cites W4300701941 @default.
- W4384133885 doi "https://doi.org/10.1016/j.econmod.2023.106442" @default.
- W4384133885 hasPublicationYear "2023" @default.
- W4384133885 type Work @default.
- W4384133885 citedByCount "0" @default.
- W4384133885 crossrefType "journal-article" @default.
- W4384133885 hasAuthorship W4384133885A5037079773 @default.
- W4384133885 hasConcept C106159729 @default.
- W4384133885 hasConcept C12713177 @default.
- W4384133885 hasConcept C134306372 @default.
- W4384133885 hasConcept C154945302 @default.
- W4384133885 hasConcept C162118730 @default.
- W4384133885 hasConcept C162324750 @default.
- W4384133885 hasConcept C166957645 @default.
- W4384133885 hasConcept C17744445 @default.
- W4384133885 hasConcept C199539241 @default.
- W4384133885 hasConcept C27548731 @default.
- W4384133885 hasConcept C2776943663 @default.
- W4384133885 hasConcept C2780821815 @default.
- W4384133885 hasConcept C2983001568 @default.
- W4384133885 hasConcept C33923547 @default.
- W4384133885 hasConcept C41008148 @default.
- W4384133885 hasConcept C45555294 @default.
- W4384133885 hasConcept C50522688 @default.
- W4384133885 hasConcept C76073288 @default.
- W4384133885 hasConcept C83646750 @default.
- W4384133885 hasConcept C94625758 @default.
- W4384133885 hasConcept C95457728 @default.
- W4384133885 hasConcept C9725762 @default.
- W4384133885 hasConceptScore W4384133885C106159729 @default.
- W4384133885 hasConceptScore W4384133885C12713177 @default.
- W4384133885 hasConceptScore W4384133885C134306372 @default.
- W4384133885 hasConceptScore W4384133885C154945302 @default.
- W4384133885 hasConceptScore W4384133885C162118730 @default.
- W4384133885 hasConceptScore W4384133885C162324750 @default.
- W4384133885 hasConceptScore W4384133885C166957645 @default.
- W4384133885 hasConceptScore W4384133885C17744445 @default.
- W4384133885 hasConceptScore W4384133885C199539241 @default.
- W4384133885 hasConceptScore W4384133885C27548731 @default.
- W4384133885 hasConceptScore W4384133885C2776943663 @default.