Table 1 Benchmark parameters values
From: Endogenous health risks, poverty traps, and the roles of health insurance in poverty alleviation
Symbol | Parameter | Calibration |
|---|---|---|
γ | Risk aversion factor | 3 |
β | Utility discount factor | 0.9820 |
φ | Altruistic motivation | 1 |
E | Effectiveness of educational inputs | 50,000 yuan |
δ | Effectiveness of physical overdraft | 0.7 |
θ | Growth rate of human capital | 0.5 |
ρ | Psychological price of physical state | 50,000 yuan |
α | Capital share | 0.35 |
A | Total factor productivity | 20,000 |
\( \underset{\_}{c} \) | Consumption threshold | 140,000 yuan |
m | Medical expenses | 400,000 yuan |
G0, G−1, G−2 | Distribution of initial human capital levels | log-logistic(8.8404, 0.4342) |