Showing papers by "Gary S. Becker published in 1996"
Book•
01 Jan 1996
TL;DR: In this article, a theory of rational addiction and the effect of price on consumption of cigarettes is discussed. But the authors focus on personal capital and do not consider the social influence on consumption.
Abstract: Part I: Personal Capital *1. Preferences and Values *De Gustibus Non Est Disputandum * A Theory of Rational Addiction * Rational Addiction and the Effect of Price on Consumption * An Empirical Analysis of Cigarette Addiction * Habits, Addictions, and Traditions Part 2: Social Capital * The Economic Way of Looking at Life * A Theory of Social Interactions * A Note on Restaurant Pricing and Other Examples of Social Influences on Price * A Simple Theory of Advertising as a Good or Bad * Norms and the Formation of Preferences * Spouses and Beggars: Love and Sympathy * Acknowledgments * References * Index
1,053 citations
TL;DR: In this paper, the authors analyzed the savings and health care impacts of mortality contingent claims, defined here as income measures, such as annuities and life-insurance, under which earned income is contingent on the length of one's life.
Abstract: This paper analyzes the savings and health care impacts of mortality contingent claims, defined here as income measures, such as annuities and life-insurance, under which earned income is contingent on the length of one's life. The postwar increase in mandatory annuity and life-insurance programs, as well as the rapid increase in life-expectancy, motivates a better understanding of the effects that mortality contingent claims have on resources devoted to life-extension. We analyze the incentives that such claims imply for life-extension when resources may affect mortality endogenously and argue that these incentives dramatically alter the standard conclusions obtained when mortality is treated exogenously.
12 citations
Posted Content•
TL;DR: In this article, the authors analyzed the savings and health care impacts of mortality contingent claims, defined here as income measures, such as annuities and life-insurance, under which earned income is contingent on the length of one's life.
Abstract: This paper analyzes the savings and health care impacts of mortality contingent claims, defined here as income measures, such as annuities and life-insurance, under which earned income is contingent on the length of one's life. The postwar increase in mandatory annuity and life-insurance programs, as well as the rapid increase in life-expectancy, motivates a better understanding of the effects that mortality contingent claims have on resources devoted to life-extension. We analyze the incentives that such claims imply for life-extension when resources may affect mortality endogenously and argue that these incentives dramatically alter the standard conclusions obtained when mortality is treated exogenously.
7 citations