We provide a lifecycle framework for comparing the insurance value of disability benefits and the incentive cost. We estimate the risks that individuals face and the parameters governing the disability insurance program using longitudinal US data on consumption, health, disability insurance, and wages. We characterize the economic effects of disability insurance and study how policy reforms imp...

The need to provide agricultural information to farmers has led to emergence of numerous ICT-based MIS projects in developing country. These projects aim at promoting commercialization of smallholder agriculture and subsequently their welfare. This study examines the welfare effects one such project in western Kenya. It uses household food security and access to medical health services as proxi...

This paper examines retirement behaviour and household income for older persons in Chile. It pays close attention to the sources of household income, income inequalities, and the economic vulnerability of older persons. This is important in order to evaluate whether labour market and social security reform in Latin America will improve the welfare of older groups, and especially their vulnerabi...

This paper examines retirement behaviour and household income for older persons in Chile. It pays close attention to the sources of household income, income inequalities, and the economic vulnerability of older persons. This is important in order to evaluate whether labour market and social security reform in Latin America will improve the welfare of older groups, and especially their vulnerabi...

Intra-Household Allocation of Resources: Inferences from Non-Resident Fathers’ Child Support Payments A large proportion of divorced and separated fathers form new partnerships. The new partner’s preferences are not likely to put much weight on expenditures on the man’s children from his previous union. Thus, his own and his partner’s income would have different impacts on his child support pay...

Abstract Household equivalent scale is an index to measure the impact of household demographic characteristics, such as the householder’s age and gender, the number of household members, etc., and plays a significant role in measuring poverty and inequality. By taking into account demographic characteristics differences, this index facilitates the reasonable comparison of households’ welfare,...

I develop a general equilibrium model in which the quality of household financial decisions is endogenously determined by the incentives to exert effort in learning about financial opportunities. The model generates predictions for asset market participation and returns across households. Moreover, search for financial returns enables the model to generate a more skewed equilibrium wealth distr...