The Social Science & Medicine Journal published the paper “Health accidents and wealth decline in old age” on the September 2023 issue (Volume 332). The paper was co-authored by Najat El Mekkaoui, University Paris Dauphine, EMEA Senior Research Fellow and member of the EMANES Scientific Committee, along with Hippolyte d’Albis, Paris School of Economics, and Bérangère Legendre, Université Savoie Mont Blanc.
The paper explores the impact of a health shock and changes in survival probability on the savings and portfolio choices of older individuals. Using a theoretical and empirical framework featuring a portfolio choice that incorporates imperfect annuity markets, the authors analyse how elderly individuals, whose survival probability has been altered by a health shock, allocate their resources.
Link to the paper: https://www.sciencedirect.com/science/article/abs/pii/S0277953623004744
The Social Science & Medicine Journal provides an international and interdisciplinary forum for the dissemination of social science research on health. The Journal publishes original research articles (both empirical and theoretical), reviews, position papers and commentaries on health issues, to inform current research, policy and practice in all areas of common interest to social scientists, health practitioners, and policy makers.