This recently developed branch of the EDHEC Economics Research Centre covers a variety of themes.
Health as an asset in which a household invests: Health can be likened to an asset, in the same way as savings, in which a household chooses to invest. This decision would be part of portfolio arbitrage characterising joint choices in terms of (health) insurance, consumption, leisure and savings. This approach allows us to understand the heterogeneity of individuals across all these dimensions.
An analysis of the sustainability of health systems: In the face of the ageing population, is the rise in health expenditure sustainable in the medium- to long-term? What are the effects of reform for certain healthcare systems or insurance programmes (e.g. Medicare in the United States)?
Private investment in health and in the labour market: Assessing the links between healthcare expenditure of employees and companies, and mobility in the labour market, wages and employment. What relation is there between retirement and “complementary health policies” which are funded by companies? Should companies be allowed to contribute differently to heath expenditure, depending on the age of the employees?
Individual decisions and preferences with regard to health risks: Individual decisions, certainly in terms of health insurance, depend on how risks are perceived. This perception explains the nature of individual preferences, and individual behaviour in terms of prevention reflects, for instance, more or less caution vis-à-vis some risks.
"Health and (Other) Asset Holdings" (Florian Pelgrin avec J. Hugonnier et P. St-Amour), Review of Economic Studies (2013)
“Long Term Health investment When People Underestimate Their Adaptation To Age-Related Health Problems” (Serge Macé). European Journal of Health Economic. À paraître.