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\begin{document}

\begin{center}
{\Large \bf Figures for Koijen-Philipson-Uhlig}\\
{ This draft: \today }
\end{center}

\skipline



\pagestyle{plain} \pagenumbering{arabic}

Health shares in percent, ordered benchmark -- no gov. risk prem,om2 -- no gov. risk prem -- no risk prem.:

\begin{tabular}{ccccc}
 1960.0 &  6.0 &  6.0 &  6.0 &  6.0 \\
 1970.0 &  7.9 &  8.4 &  8.6 &  8.8 \\
 1980.0 & 10.4 & 11.4 & 11.9 & 12.4 \\
 1990.0 & 13.5 & 15.0 & 15.7 & 16.4 \\
 2000.0 & 16.9 & 18.7 & 19.6 & 20.4 \\
 2010.0 & 20.4 & 22.3 & 23.1 & 23.9 \\
 2020.0 & 23.5 & 25.3 & 26.0 & 26.7 \\
 2030.0 & 26.2 & 27.6 & 28.3 & 28.8 \\
 2040.0 & 28.3 & 29.4 & 29.9 & 30.3 \\
 2050.0 & 29.9 & 30.7 & 31.1 & 31.4 \\
 2060.0 & 31.0 & 31.7 & 31.9 & 32.1 \\
 2070.0 & 31.9 & 32.3 & 32.5 & 32.7 \\
 2080.0 & 32.5 & 32.8 & 33.0 & 33.1 \\
 2090.0 & 32.9 & 33.2 & 33.3 & 33.4 \\
 2100.0 & 33.2 & 33.4 & 33.5 & 33.5 \\
 2110.0 & 33.5 & 33.6 & 33.6 & 33.7 \\
 2120.0 & 33.6 & 33.7 & 33.8 & 33.8 \\
 2130.0 & 33.7 & 33.8 & 33.8 & 33.9 \\
 2140.0 & 33.8 & 33.9 & 33.9 & 33.9 \\
 2150.0 & 33.9 & 33.9 & 33.9 & 34.0 \\
 2160.0 & 33.9 & 34.0 & 34.0 & 34.0 \\
\end{tabular}

\newpage
R\&D shares in percent, ordered benchmark -- no gov. risk prem,om2 -- no risk prem.-- no gov. risk:

\begin{tabular}{ccccc}
 1960.0 & 0.1 & 0.1 & 0.1 & 0.2 \\
 1970.0 & 0.1 & 0.2 & 0.3 & 0.4 \\
 1980.0 & 0.2 & 0.4 & 0.5 & 0.7 \\
 1990.0 & 0.4 & 0.7 & 0.9 & 1.1 \\
 2000.0 & 0.6 & 1.0 & 1.3 & 1.5 \\
 2010.0 & 0.8 & 1.3 & 1.6 & 1.9 \\
 2020.0 & 1.1 & 1.6 & 1.9 & 2.2 \\
 2030.0 & 1.2 & 1.7 & 2.0 & 2.4 \\
 2040.0 & 1.4 & 1.9 & 2.2 & 2.5 \\
 2050.0 & 1.5 & 2.0 & 2.2 & 2.5 \\
 2060.0 & 1.5 & 2.0 & 2.3 & 2.6 \\
 2070.0 & 1.5 & 2.0 & 2.3 & 2.6 \\
 2080.0 & 1.6 & 2.0 & 2.3 & 2.6 \\
 2090.0 & 1.6 & 2.0 & 2.3 & 2.6 \\
 2100.0 & 1.6 & 2.0 & 2.3 & 2.5 \\
 2110.0 & 1.6 & 2.0 & 2.3 & 2.5 \\
 2120.0 & 1.6 & 2.0 & 2.3 & 2.5 \\
 2130.0 & 1.6 & 2.0 & 2.3 & 2.5 \\
 2140.0 & 1.6 & 2.0 & 2.2 & 2.5 \\
 2150.0 & 1.6 & 2.0 & 2.2 & 2.5 \\
 2160.0 & 1.6 & 2.0 & 2.2 & 2.5 \\
\end{tabular}


\fig{model_vat.eps}{Graphics: model\_vat.eps}{fig:modelvat.eps}

\fig{model_share.eps}{Graphics: model\_share.eps}{fig:modelshare.eps}

\fig{model_share_longrun.eps}{Graphics: model\_share\_longrun.eps}{fig:modelsharelongrun.eps}

\fig{model_RD.eps}{Graphics: model\_RD.eps}{fig:modelRD.eps}

\fig{model_RD_longrun.eps}{Graphics: model\_RD\_longrun.eps}{fig:modelRDlongrun.eps}

\fig{model_Ralph.eps}{Graphics: model\_Ralph.eps}{fig:modelRalph.eps}

\clearpage




\fig{norisk_vat.eps}{Graphics: norisk\_vat.eps}{fig:noriskvat.eps}

\fig{norisk_share.eps}{Graphics: norisk\_share.eps}{fig:noriskshare.eps}

\fig{norisk_share_longrun.eps}{Graphics: norisk\_share\_longrun.eps}{fig:norisksharelongrun.eps}

\fig{norisk_RD.eps}{Graphics: norisk\_RD.eps}{fig:noriskRD.eps}

\fig{norisk_RD_longrun.eps}{Graphics: norisk\_RD\_longrun.eps}{fig:noriskRDlongrun.eps}

\fig{norisk_Ralph.eps}{Graphics: norisk\_Ralph.eps}{fig:noriskRalph.eps}

\clearpage






\fig{nopremom2_vat.eps}{Graphics: nopremom2\_vat.eps}{fig:nopremom2vat.eps}

\fig{nopremom2_share.eps}{Graphics: nopremom2\_share.eps}{fig:nopremom2share.eps}

\fig{nopremom2_share_longrun.eps}{Graphics: nopremom2\_share\_longrun.eps}{fig:nopremom2sharelongrun.eps}

\fig{nopremom2_RD.eps}{Graphics: nopremom2\_RD.eps}{fig:nopremom2RD.eps}

\fig{nopremom2_RD_longrun.eps}{Graphics: nopremom2\_RD\_longrun.eps}{fig:nopremom2RDlongrun.eps}

\fig{nopremom2_Ralph.eps}{Graphics: nopremom2\_Ralph.eps}{fig:nopremom2Ralph.eps}

\clearpage







\fig{noprem_vat.eps}{Graphics: noprem\_vat.eps}{fig:nopremvat.eps}

\fig{noprem_share.eps}{Graphics: noprem\_share.eps}{fig:nopremshare.eps}

\fig{noprem_share_longrun.eps}{Graphics: noprem\_share\_longrun.eps}{fig:nopremsharelongrun.eps}

\fig{noprem_RD.eps}{Graphics: noprem\_RD.eps}{fig:nopremRD.eps}

\fig{noprem_RD_longrun.eps}{Graphics: noprem\_RD\_longrun.eps}{fig:nopremRDlongrun.eps}

\fig{noprem_Ralph.eps}{Graphics: noprem\_Ralph.eps}{fig:nopremRalph.eps}

\clearpage








% \fig{counter_vat.eps}{Graphics: counter\_vat.eps}{fig:countervat.eps}

\fig{counter_share.eps}{Graphics: counter\_share.eps}{fig:countershare.eps}

\fig{counter_share_longrun.eps}{Graphics: counter\_share\_longrun.eps}{fig:countersharelongrun.eps}

\fig{counter_RD.eps}{Graphics: counter\_RD.eps}{fig:counterRD.eps}

\fig{counter_RD_longrun.eps}{Graphics: counter\_RD\_longrun.eps}{fig:counterRDlongrun.eps}

\fig{counter_Ralph.eps}{Graphics: counter\_Ralph.eps}{fig:counterRalph.eps}

\clearpage







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\begin{thebibliography}{99}
\bibitem{koijen:1}  Koijen, Ralph, Tomas Phillipson and Harald Uhlig (2011), ``Financial Health Economics,'' draft, University of Chicago.

\end{thebibliography}


\end{document}
