Pierre-Carl Michaud
Dados Biográficos
| ID | 1456736 |
|---|---|
| NOME | Pierre-Carl Michaud |
| PRENOMES | Pierre-Carl |
| SOBRENOME | Michaud |
| ASSINATURA | MICHAUD P |
| AFILIAÇÕES | HEC Montréal |
| ORCID | 0000-0003-3114-4229 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 18 |
| TOTAL DE CITAÇÕES | 59 |
| TOTAL COMO AUTOR | 18 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2003 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2025 |
| ÍNDICE H | 3 |
Tax Incentives and Older Workers
We present empirical evidence on the effectiveness of a tax policy designed to boost employment among older workers in Quebec, Canada. To evaluate its impact on employment and earnings, we draw on multiple data sources and use a range of identification strategies. We begin with a difference-in-differences approach comparing Quebec and Ontario but find no robust effect on employment. Moreover, the common trend assumption fails to hold for most age…
Understanding Cross-Country Differences in Health Status and Expenditures
International audience
Tax-Preferred Savings Vehicles
In this study, we conduct a stated-choice experiment to analyze the decision to contribute to either a front- or back-loaded tax-preferred retirement savings account. Our experimental design includes a randomized financial education intervention that provides information on the tax implications of both types of account. Respondents who were exposed to the intervention have greater knowledge of these accounts and make contribution choices that inc…
The Future of Long-Term Care in Quebec
In this article, we aim to estimate future long-term care needs and expenditures in Quebec while proposing and evaluating a reform package that could deliver increased coverage and be more financially sustainable than current policy. This reform package consists of a shift toward more intensive use of home care while increasing public coverage of care needs. A key feature of the proposed reform is to improve users’ ability to choose their provide…
Playing with Fire? Household Debt near Retirement in Canada
Because retired households cannot quickly adjust to shocks, for example by working more, they represent a vulnerable group when credit conditions deteriorate. We analyze the evolution of debt among households nearing retirement in Canada over the period 1999–2016. First, we find that debt as a ratio of income has risen considerably over that period, and debt as a fraction of assets has also doubled, even though assets remain roughly five times as…
Assessing the impact of financial education programs
Understanding Cross-country Differences in Health Status and Expenditures
Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, U.S. health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more tha…
Early Impact of the Covid-19 Pandemic on Household Finances in Quebec
The coronavirus disease 2019 (COVID-19) pandemic surged in early March 2020, with unemployment reaching historic levels in April 2020. This study paints an early portrait of the pandemic's impact on the finances of households in Quebec, one of the hardest-hit provinces in terms of COVID-19 cases as well as unemployment levels. The article also provides an understanding of how government emergency benefit programs may have helped households get by…
A Canadian Parlor Room–Type Approach to the Long-Term-Care Insurance Puzzle
We examine different hypotheses of the cause of the low market penetration of long-term-care (LTC) insurance in Canada. Our analysis is based on results from a survey of 2,000 Canadians aged between 50 and 70 years that was conducted in autumn 2016. A remarkable proportion of individuals in this age bracket report never having been approached to purchase such protection. Respondents who report having LTC insurance do not differ in risk perception…
Individual Financial Returns from Quebec Pension Plan Reform Options
We use simulation methods and a detailed tax calculator to analyze the likely effects of two recent proposals aimed at reforming the Quebec Pension Plan (QPP): the federal proposal, eventually implemented throughout Canada, and the Quebec government's December 2016 proposal. Accounting for education-adjusted life expectancy, earnings variability over the course of a career, and their interactions with the tax code and retirement income system, we…
Optimal Financial Knowledge and Wealth Inequality
We show that financial knowledge is a key determinant of wealth inequality in a stochastic lifecycle model with endogenous financial knowledge accumulation, where financial knowledge enables individuals to better allocate lifetime resources in a world of uncertainty and imperfect insurance. Moreover, because of how the U.S. social insurance system works, better-educated individuals have most to gain from investing in financial knowledge. Our pars…
Projecting the Impact of Population Aging on the Quebec Labour Market
Quebecers are living longer than ever before as a result of better health as well as improved educational attainment and economic well-being. Using a dynamic microsimulation model, we show that an aging workforce will not necessarily mean a decline in Quebec employment levels in the coming years. Because future experienced workers will be more educated and more of them will remain in employment for longer, we project that annual growth rates in e…
The economic consequences of obesity and overweight among adults in Quebec
Disease Incidence and Mortality Among Older Americans and Europeans
Recent research has shown a widening gap in life expectancy at age 50 between the United States and Europe as well as large differences in the prevalence of diseases at older ages. Little is known about the processes determining international differences in the prevalence of chronic diseases. Higher prevalence of disease could result from either higher incidence or longer disease-specific survival. This article uses comparable longitudinal data f…
Differences in health between Americans and Western Europeans
The Benefits of Risk Factor Prevention in Americans Aged 51 Years and Older
Objectives. We assessed the potential health and economic benefits of reducing common risk factors in older Americans. Methods. A dynamic simulation model tracked a national cohort of persons 51 and 52 years of age to project their health and medical spending in prevention scenarios for diabetes, hypertension, obesity, and smoking. Results. The gain in life span from successful treatment of a person aged 51 or 52 years for obesity would be 0.85 y…
Le travail indépendant passé 50 ans
Selbständige Erwerbstätigkeit nach Vollendung des 50 Lebensjahrs: Rolle des persönlichen Vermögens und der Kosten der Existenzgründung. In einer Volkswirtschaft mit Liquiditätsengpässen ist eine Existenzgründung bei unzulänglicher Finanzierung durch die Banken schwieriger. Wir untersuchen den Effekt solcher Engpässe wie auch denjenigen der Kosten der Existenzgründung auf das Verhältnis zwischen persönlichem Vermögen und Anteil der Selbständigen i…
Human Capital Externalities in South Africa
Optimal Financial Knowledge and Wealth Inequality
We show that financial knowledge is a key determinant of wealth inequality in a stochastic lifecycle model with endogenous financial knowledge accumulation, where financial knowledge enables individuals to better allocate lifetime resources in a world of uncertainty and imperfect insurance. Moreover, because of how the U.S. social insurance system works, better-educated individuals have most to gain from investing in financial knowledge. Our pars…
Projecting the Impact of Population Aging on the Quebec Labour Market
Quebecers are living longer than ever before as a result of better health as well as improved educational attainment and economic well-being. Using a dynamic microsimulation model, we show that an aging workforce will not necessarily mean a decline in Quebec employment levels in the coming years. Because future experienced workers will be more educated and more of them will remain in employment for longer, we project that annual growth rates in e…
Early Impact of the Covid-19 Pandemic on Household Finances in Quebec
The coronavirus disease 2019 (COVID-19) pandemic surged in early March 2020, with unemployment reaching historic levels in April 2020. This study paints an early portrait of the pandemic's impact on the finances of households in Quebec, one of the hardest-hit provinces in terms of COVID-19 cases as well as unemployment levels. The article also provides an understanding of how government emergency benefit programs may have helped households get by…
Disease Incidence and Mortality Among Older Americans and Europeans
Recent research has shown a widening gap in life expectancy at age 50 between the United States and Europe as well as large differences in the prevalence of diseases at older ages. Little is known about the processes determining international differences in the prevalence of chronic diseases. Higher prevalence of disease could result from either higher incidence or longer disease-specific survival. This article uses comparable longitudinal data f…
The Benefits of Risk Factor Prevention in Americans Aged 51 Years and Older
Objectives. We assessed the potential health and economic benefits of reducing common risk factors in older Americans. Methods. A dynamic simulation model tracked a national cohort of persons 51 and 52 years of age to project their health and medical spending in prevention scenarios for diabetes, hypertension, obesity, and smoking. Results. The gain in life span from successful treatment of a person aged 51 or 52 years for obesity would be 0.85 y…
Understanding Cross-Country Differences in Health Status and Expenditures
International audience
Playing with Fire? Household Debt near Retirement in Canada
Because retired households cannot quickly adjust to shocks, for example by working more, they represent a vulnerable group when credit conditions deteriorate. We analyze the evolution of debt among households nearing retirement in Canada over the period 1999–2016. First, we find that debt as a ratio of income has risen considerably over that period, and debt as a fraction of assets has also doubled, even though assets remain roughly five times as…
Differences in health between Americans and Western Europeans
Human Capital Externalities in South Africa
Le travail indépendant passé 50 ans
Selbständige Erwerbstätigkeit nach Vollendung des 50 Lebensjahrs: Rolle des persönlichen Vermögens und der Kosten der Existenzgründung. In einer Volkswirtschaft mit Liquiditätsengpässen ist eine Existenzgründung bei unzulänglicher Finanzierung durch die Banken schwieriger. Wir untersuchen den Effekt solcher Engpässe wie auch denjenigen der Kosten der Existenzgründung auf das Verhältnis zwischen persönlichem Vermögen und Anteil der Selbständigen i…
The Benefits of Risk Factor Prevention in Americans Aged 51 Years and Older
Objectives. We assessed the potential health and economic benefits of reducing common risk factors in older Americans. Methods. A dynamic simulation model tracked a national cohort of persons 51 and 52 years of age to project their health and medical spending in prevention scenarios for diabetes, hypertension, obesity, and smoking. Results. The gain in life span from successful treatment of a person aged 51 or 52 years for obesity would be 0.85 y…
Differences in health between Americans and Western Europeans
Disease Incidence and Mortality Among Older Americans and Europeans
Recent research has shown a widening gap in life expectancy at age 50 between the United States and Europe as well as large differences in the prevalence of diseases at older ages. Little is known about the processes determining international differences in the prevalence of chronic diseases. Higher prevalence of disease could result from either higher incidence or longer disease-specific survival. This article uses comparable longitudinal data f…
Projecting the Impact of Population Aging on the Quebec Labour Market
Quebecers are living longer than ever before as a result of better health as well as improved educational attainment and economic well-being. Using a dynamic microsimulation model, we show that an aging workforce will not necessarily mean a decline in Quebec employment levels in the coming years. Because future experienced workers will be more educated and more of them will remain in employment for longer, we project that annual growth rates in e…
The economic consequences of obesity and overweight among adults in Quebec
Optimal Financial Knowledge and Wealth Inequality
We show that financial knowledge is a key determinant of wealth inequality in a stochastic lifecycle model with endogenous financial knowledge accumulation, where financial knowledge enables individuals to better allocate lifetime resources in a world of uncertainty and imperfect insurance. Moreover, because of how the U.S. social insurance system works, better-educated individuals have most to gain from investing in financial knowledge. Our pars…
Individual Financial Returns from Quebec Pension Plan Reform Options
We use simulation methods and a detailed tax calculator to analyze the likely effects of two recent proposals aimed at reforming the Quebec Pension Plan (QPP): the federal proposal, eventually implemented throughout Canada, and the Quebec government's December 2016 proposal. Accounting for education-adjusted life expectancy, earnings variability over the course of a career, and their interactions with the tax code and retirement income system, we…
A Canadian Parlor Room–Type Approach to the Long-Term-Care Insurance Puzzle
We examine different hypotheses of the cause of the low market penetration of long-term-care (LTC) insurance in Canada. Our analysis is based on results from a survey of 2,000 Canadians aged between 50 and 70 years that was conducted in autumn 2016. A remarkable proportion of individuals in this age bracket report never having been approached to purchase such protection. Respondents who report having LTC insurance do not differ in risk perception…
Assessing the impact of financial education programs
Understanding Cross-country Differences in Health Status and Expenditures
Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, U.S. health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more tha…
Early Impact of the Covid-19 Pandemic on Household Finances in Quebec
The coronavirus disease 2019 (COVID-19) pandemic surged in early March 2020, with unemployment reaching historic levels in April 2020. This study paints an early portrait of the pandemic's impact on the finances of households in Quebec, one of the hardest-hit provinces in terms of COVID-19 cases as well as unemployment levels. The article also provides an understanding of how government emergency benefit programs may have helped households get by…
Playing with Fire? Household Debt near Retirement in Canada
Because retired households cannot quickly adjust to shocks, for example by working more, they represent a vulnerable group when credit conditions deteriorate. We analyze the evolution of debt among households nearing retirement in Canada over the period 1999–2016. First, we find that debt as a ratio of income has risen considerably over that period, and debt as a fraction of assets has also doubled, even though assets remain roughly five times as…
Tax-Preferred Savings Vehicles
In this study, we conduct a stated-choice experiment to analyze the decision to contribute to either a front- or back-loaded tax-preferred retirement savings account. Our experimental design includes a randomized financial education intervention that provides information on the tax implications of both types of account. Respondents who were exposed to the intervention have greater knowledge of these accounts and make contribution choices that inc…
The Future of Long-Term Care in Quebec
In this article, we aim to estimate future long-term care needs and expenditures in Quebec while proposing and evaluating a reform package that could deliver increased coverage and be more financially sustainable than current policy. This reform package consists of a shift toward more intensive use of home care while increasing public coverage of care needs. A key feature of the proposed reform is to improve users’ ability to choose their provide…
Understanding Cross-Country Differences in Health Status and Expenditures
International audience
Tax Incentives and Older Workers
We present empirical evidence on the effectiveness of a tax policy designed to boost employment among older workers in Quebec, Canada. To evaluate its impact on employment and earnings, we draw on multiple data sources and use a range of identification strategies. We begin with a difference-in-differences approach comparing Quebec and Ontario but find no robust effect on employment. Moreover, the common trend assumption fails to hold for most age…
Economics (14 obras) · Medicine (8 obras) · Demographic economics (7 obras) · Demography (7 obras) · Financial Literacy, Pension, Retirement Analysis (7 obras) · Global Health Care Issues (7 obras) · Finance (6 obras) · Demography (5 obras) · Economic growth (5 obras) · Political science (5 obras)