Ergebnisse für *

Zeige Ergebnisse 1 bis 2 von 2.

  1. Genetic Endowments, Income Dynamics, and Wealth Accumulation Over the Lifecycle
    Erschienen: August 2022
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    keine Fernleihe
    Universitätsbibliothek Freiburg
    keine Fernleihe
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    keine Fernleihe
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    keine Fernleihe
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    keine Fernleihe

     

    We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic score. Based on substantial descriptive evidence, we allow variation in these endowments to affect earnings, the disutility of labor, stock market participation costs, and idiosyncratic rates of return on risky investments. The model also incorporates endogenous retirement and a realistic social security system. Parameter estimates suggest that, in addition to earnings, genetic differences are significantly associated with risky asset returns, both of which contribute to wealth inequality. Counterfactual policy exercises indicate that two ways to lower costs of an aging population (extending the age of retirement or cutting social security benefits) have similar magnitudes and distributions of welfare costs even though the latter policy appears to reduce wealth differences between agents with different genetic endowments. This illustrates the importance of welfare calculations when evaluating how genes interact with policy, which is possible to do if we incorporate genetic data into structural models

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
  2. Genetic Risk for Alzheimer's Disease and Related Dementias
    Cognition, Economic Behavior, and Clinically Actionable Information
    Erschienen: March 2024
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    Genetic factors play a major role in the development of Alzheimer's disease and related dementias (ADRD). Observable genetic factors could impact household planning and medical care if they contain actionable information, meaning that they i) are... mehr

    Zugang:
    Verlag (lizenzpflichtig)
    Resolving-System (lizenzpflichtig)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    keine Fernleihe
    Universitätsbibliothek Freiburg
    keine Fernleihe
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    keine Fernleihe
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    keine Fernleihe
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    keine Fernleihe

     

    Genetic factors play a major role in the development of Alzheimer's disease and related dementias (ADRD). Observable genetic factors could impact household planning and medical care if they contain actionable information, meaning that they i) are associated with significant harms, ii) reflect risks for which individuals are not already prepared, and iii) are informative above and beyond current knowledge or expectations. We examine these properties for existing genetic measures related to ADRD in the Health and Retirement Study (HRS). We replicate existing relationships between genetic factors and cognitive health. We also show that higher genetic risk is associated with worse economic outcomes on several dimensions including work, income, and wealth. Surprisingly, individuals at higher risk are less likely to engage in planning activities that could mitigate the consequences of cognitive decline (e.g. assigning durable power of attorney). In predictive exercises, existing genetic indices provide clinically valuable and policy-relevant information on the development of severe adverse cognitive outcomes in the future

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: NBER working paper series ; no. w32181
    Schlagworte: Alterskrankheit; Kognition; Genetik; Gesundheitsrisiko; Konsumentenverhalten; USA; Household Saving; Personal Finance; Household Saving, Borrowing, Debt, and Wealth; Insurance; Health Behavior; Health and Inequality; Economics of the Elderly; Economics of Disability; Non-Labor Market Discrimination; Time Allocation and Labor Supply; Retirement; Retirement Policies
    Umfang: 1 Online-Ressource, illustrations (black and white)
    Bemerkung(en):

    Hardcopy version available to institutional subscribers