NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Raquel Fonseca

ESG UQAM
320, rue Sainte-Catherine Est
Montréal (Québec) H2X 3X2
Canada

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliations: Université du Québec à Montréal and CIRANO

NBER Working Papers and Publications

March 2020Understanding Cross-country Differences in Health Status and Expenditures
with François Langot, Pierre-Carl Michaud, Thepthida Sopraseuth: w26876
Using a general equilibrium heterogeneous agent model featuring health production, we quantify the relative contribution of price distortions in the health market, TFP and other health risks in explaining cross-country differences in health expenditure (as a share of GDP) and health status. Estimated parameters reveal a substantial price wedge that explains at most 20% of the difference in health spending (as a share of GDP) and 30% of the difference in health status between Europe and the U.S. We estimate a one percentage point negative impact on the life-time cost-of-living of Americans from higher prices due to inefficiencies.
June 2015Does Retirement Make You Happy? A Simultaneous Equations Approach
with Arie Kapteyn, Jinkook Lee, Gema Zamarro
in Insights in the Economics of Aging, David A. Wise, editor
Continued improvements in life expectancy and fiscal insolvency of public pensions have led to increased pension entitlement ages in several countries, but its consequences for subjective well-being are largely unknown. Financial consequences of retirement complicate the estimation of effects of retirement on well-being as financial circumstances may influence well-being, so the effects of retirement may be confounded by income changes. Also, unobservable determinants of income are probably related with unobservable determinants of well-being, making income possibly endogenous if used as control in well-being regressions. To address these issues, we estimate a simultaneous model of retirement, income, and subjective well-being while accounting for time effects and unobserved individual eff...
 
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