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More to Live for: Health Investment Responses to Expected Retirement Wealth in Chile

dc.contributor.authorMiller, Grant
dc.contributor.authorValdés, Nieves
dc.contributor.authorVera-Hernández, Marcos
dc.coverage.spatialAmérica Latina y el Caribees_ES
dc.coverage.spatialChilees_ES
dc.date.accessioned2019-12-23T20:28:26Z
dc.date.available2019-12-23T20:28:26Z
dc.date.issued2019-12-18
dc.identifier.citationMiller, G., Valdés, N., & Vera-Hernández, M. (2019, December 18). More to Live for: Health Investment Responses to Expected Retirement Wealth in Chile. Caracas: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/1517en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/1517
dc.description.tableofcontentsA poorly understood but important way that economic conditions influence health is through the incentives that they create for health investments. In this paper, we study how individuals’ current health investments respond to changes in expected future wealth, focusing on Chile’s 1981 public pension. We compile detailed administrative pension data linked to a rich household panel survey, and we then exploit discrete breaks in the reform’s impact on expected pension wealth across cohorts of Chileans using a fuzzy regression kink design to estimate how health behavior, preventive health care use, and chronic disease diagnoses respond to changes in expected pension wealth. Consistent with theoretical predictions, we find that greater expected pension wealth increases the use of medical services –and in turn, the detection of chronic diseases. More generally, our results provide new empirical evidence of forward-looking behavior consistent with the life-cycle and permanent income hypotheses.es_ES
dc.language.isoenes_ES
dc.publisherCAFes_ES
dc.subjectEvaluación de impactoes_ES
dc.subjectPolíticas públicases_ES
dc.subjectSaludes_ES
dc.titleMore to Live for: Health Investment Responses to Expected Retirement Wealth in Chilees_ES
dc.typeworkingPaperes_ES
dc.publisher.cityCaracases_ES


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