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Consumer Behaviour, Labour Supply and Diabetes: The Complex Case

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  • Joao Ricardo Faria

Abstract

This article examines the behaviour of a consumer diagnosed with diabetes. It is shown that the medical treatment of the disease creates incentives that make diabetic's consumption and wieght display cyclical patterns. One implication is that labour supply can be cyclical as well.

Suggested Citation

  • Joao Ricardo Faria, 1999. "Consumer Behaviour, Labour Supply and Diabetes: The Complex Case," Working Paper Series 88, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    • Handle: RePEc:uts:wpaper:88
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    File URL: http://www.finance.uts.edu.au/research/wpapers/wp88.pdf
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    References listed on IDEAS

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    1. Dockner, Engelbert J & Feichtinger, Gustav, 1993. "Cyclical Consumption Patterns and Rational Addiction," American Economic Review, American Economic Association, vol. 83(1), pages 256-263, March.
    2. W. Kip Viscusi & Gerald O. Cavallo, 1994. "The Effect of Product Safety Regulation on Safety Precautions," Risk Analysis, John Wiley & Sons, vol. 14(6), pages 917-930, December.
    3. Kahn, Matthew E, 1999. "Diabetic Risk Taking: The Role of Information, Education and Medication," Journal of Risk and Uncertainty, Springer, vol. 18(2), pages 147-164, August.
    4. Franz Wirl, 1994. "The ramsey model revisited: The optimality of cyclical consumption and growth," Journal of Economics, Springer, vol. 60(1), pages 81-98, February.
    5. Feichtinger, Gustav & Novak, Andreas & Wirl, Franz, 1994. "Limit cycles in intertemporal adjustment models : Theory and applications," Journal of Economic Dynamics and Control, Elsevier, vol. 18(2), pages 353-380, March.
    6. Franz Wirl & Gustav Feichtinger, 1995. "Persistent Cyclical Consumption," Rationality and Society, , vol. 7(2), pages 156-166, April.
    7. Viscusi, W Kip, 1985. "Consumer Behavior and the Safety Effects of Product Safety Regulation," Journal of Law and Economics, University of Chicago Press, vol. 28(3), pages 527-553, October.
    8. Kahn, Matthew E, 1998. "Health and Labor Market Performance: The Case of Diabetes," Journal of Labor Economics, University of Chicago Press, vol. 16(4), pages 878-899, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    consumption behaviour; labour supply; limit cycles; health;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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