Department of Economics
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M.A. in Economics and Advanced Certificate in Applied Economics
Ph.D. Program in Economics
Center for Human Capital
Journal of Human Capital
Honors, Grants, and Awards
Served as Member of the U.S. Presidential Health Policy Advisory Group and the President's Transition Team on Health Policy, 1980-1981.
Appointed and served as member of Hong Kong Government's Health Services Research Committee, by Mrs. Elizabeth Wong, Secretary for Health and Welfare of the HK Government, 1993-94.
Member of the Hong Kong Government's Health Services Research Committee's Expert Subcommittee on Grant Applications and Awards, 1993-94
Research Award, Chair in Health Economics, Institut D'Etudes Economie Politiques, Paris, France, 1997-98 for a study on life protection and the value of life saving.
1. Published Books
National Health Policy: What Role for Government (editor), Proceedings of the Conference on National Health Policy held at Stanford Univ. in March of 1980, Stanford: Hoover Institution Press, 1982.
Human Capital and Economic Growth, Isaac Ehrlich and Randall Lutter, eds. Proceedings of the Second Conference of the Institute for the Study of Free Enterprise Systems, SUNY at Buffalo, May 1989.
2. Published Articles
*Note: many of these papers are freely downloadable from the following websites:
Market Insurance, Self-Insurance and Self-Protection, with Gary S. Becker, Journal of Political Economy, Vol. 80 (4), July/August, 1972, pp. 623-648.
-- Reprinted in: Foundations of Insurance Economics, Readings in Economics and Finance, G. Dionne and S.E. Harrington, eds., Kluwer Academic Publishers, Boston,1992.
Welfare Analysis of Changes in Health Coinsurance Rates -- A Comment, on the article by Kenneth J. Arrow in The Role of Health Insurance in the Health Services Sector, edited by Richard N. Rosett, Neale Watson: New York, 1976.
On The Rationale for National Health Insurance: Where did the Private Market Fail?, article in National Health Policy: What Role for Government, Isaac Ehrlich, ed., Stanford: Hoover Institution Press, Stanford University, 1982.
Insurance, Protection from Risk, and Risk Bearing, with Yang-Ming Chang, Canadian Journal of Economics, Vol. 18 (3), August 1985, pp. 579-86.
The Demand for Life: Theory and Application, in Economic Imperialism: The Economic Approach Applied Outside the Field of Economics, Peter Bernholz and Gerald Radnitzky, editors, New York: Paragon House Publishers, 1987, pp. 243-267.
The Demand for Longevity and the Value of Life Extension, with Hiroyuki Chuma, Journal of Political Economy Vol. 98 (4), August 1990, pp.761-82.
Intergenerational Trade, Longevity, and Economic Growth, with F. T. Lui, Journal of Political Economy, Vol. 99 (5), October 1991, pp. 1029-1059.
Uncertain Lifetime, Life Protection, and the Value of Life Saving, Journal of Health Economics, Vol. 19 (3), May 2000, pp341-367.
"Rationalizing Diversities in Age-Specific Life Expetencies and PrivateValues of Life Saving: A Calibrated Numerical Analysis", with Yong Yin, published as NBER Wroking Paper #W10759, September 2004, National Bureau of Economic Research Download Paper
Note: a number of small typos in the published JHE version have been corrected in the included version of this paper Here
Or view corrections on the published JHE paper-- Errata (Correction)
Erratum to "Uncertain lifetime, life protection, and the value of life saving": Journal of Health Economics 19 (2000) 341-367, Journal of Health Economics, Elsevier, vol. 20(3), pages 459-460.
"Explaining Diversities in Age-Specific Life Expectancies and Values of Life Savings: A Numerical Analysis", with Yong Yin, Journal of Risk and Uncertainty, Springer, vol. 31(2) 2005, 129-162.
“Endogenous Fertility, Longevity, and Economic Dynamics: Using a Malthusian Framework to Account for the Historical Evidence on Population and Economic Growth”, with Jinyoung Kim, Journal of Asian Economics, issue 15 (6) 2005, 789-806.
Endogenous Fertility, Mortality and Economic Growth: Can a Malthusian Framework Account for the Conflicting Historical trends in Population?, with Jinyoung Kim,
published as NBER Working Paper #11590, September 2005.