Browsing by Author "Caputo, Michael R."
Now showing items 1-4 of 4
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Child Human Capital – The Importance of Parenting Style
Bolin, Kristian; Caputo, Michael R. (2019-08)Investments in the human capital of children during their upbringing determine the opportunities available in adulthood. Recognizing that the parent-child interaction plays a significant role in the accumulation of child ... -
Consumption and Investment Demand when Health Evolves Stochastically
Bolin, Kristian; Caputo, Michael R. (2017-10)The health capital model of Grossman (1972) is extended to account for uncertainty in the rate at which a stock of health depreciates. Two versions of the model are contemplated, one with a fully functioning financial ... -
Non-Life-Threatening Ailments and Rational Patience
Bolin, Kristian; Caputo, Michael R. (2019-08)The time at which a rational patient might choose an elective medical procedure for a non-life-threatening ailment is contemplated. The resulting model is purposely uncomplicated but general, and accounts for several basic ... -
Optimal Investment in Health when Lifetime is Stochastic, or, Rational Agents do not Often Follow Health Agency Recommendations
Bolin, Kristian; Caputo, Michael R. (2018-08)A health-capital model is contemplated which accounts for the consumption of many goods, a stock of health and investment in it, as well as an agent’s random lifetime and accumulation of wealth. It is shown that if an ...