• Economics
  • Published 2010

Financing Medicare: a general equilibrium analysis

@inproceedings{Attanasio2010FinancingMA,
  title={Financing Medicare: a general equilibrium analysis},
  author={Orazio Attanasio and Sagiri Kitao and Giovanni L. Violante},
  year={2010}
}
This paper develops a general equilibrium, overlapping-generations model of the U.S. economy where households face random fluctuations in health status. Health status determines households’ productivity, mortality rate and their medical expenditures. Households make consumption and labor supply decisions, and can imperfectly insure medical expenditure shocks through markets. In addition, the government provides partial insurance against expenditure shocks through Medicare and a “social… CONTINUE READING

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