2015 Fiscal Year Research-status Report
Population Aging, Long-term Care, and Health Insurance Market: a General Equilibrium Life-Cycle Analysis
| Project/Area Number |
26780173
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| Research Institution | National Graduate Institute for Policy Studies |
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Principal Investigator |
Hsu Minchung 政策研究大学院大学, 政策研究科, 准教授 (20467062)
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Keywords | Long-term care / Saving / Medicaid / Aging |
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| Outline of Annual Research Achievements |
We have developed a life cycle model with heterogeneous agents, including single and married households to analyze the behaviors of consumption, saving and responses to the long-term care shocks. We have also developed an approach to solve for the model. We are working on computer programing to provide quantitative analysis.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
We discussed the project regularly (usually every week), and met several times in a year to work together intensively (in Tokyo and in Sydney). We have developed a reasonable theoretical framework and collected required data for further analysis.
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| Strategy for Future Research Activity |
Work plan for this year
1.Quantitative solution and simulations of the model
2.Data moments for calibration
3.Policy experiments with the model
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