Imperial College London
Alternate

DrEnricoBiffis

Business School

Associate Professor of Actuarial Finance
 
 
 
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Contact

 

+44 (0)20 7594 9767e.biffis

 
 
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Location

 

4.0453 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Barucci:2023:10.1016/j.ejor.2022.09.016,
author = {Barucci, E and Biffis, E and Marazzina, D},
doi = {10.1016/j.ejor.2022.09.016},
journal = {European Journal of Operational Research},
pages = {910--921},
title = {Health insurance, portfolio choice, and retirement incentives},
url = {http://dx.doi.org/10.1016/j.ejor.2022.09.016},
volume = {307},
year = {2023}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We study optimal portfolio choice and labor market participation in a continuous time setting in which agents face health shocks, medical expenses, and random lifetimes. We explore the implications of different forms of health coverage and study their impact on dynamic portfolios and labor supply decisions. We characterize these effects in semi-closed form, providing tools to measure retirement incentives as a function of relevant state variables and health cover arrangements. A calibration of the model matches empirically observed labor market participation patterns and portfolio decisions of US workers during the last phase of their working lives, while offering insights into the interlinkage between labor market participation, health insurance provision and portfolio choice.
AU  - Barucci,E
AU  - Biffis,E
AU  - Marazzina,D
DO  - 10.1016/j.ejor.2022.09.016
EP  - 921
PY  - 2023///
SN  - 0377-2217
SP  - 910
TI  - Health insurance, portfolio choice, and retirement incentives
T2  - European Journal of Operational Research
UR  - http://dx.doi.org/10.1016/j.ejor.2022.09.016
UR  - http://hdl.handle.net/10044/1/99972
VL  - 307
ER  -
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