Andersen, Torben M; Bhattacharya, Joydeep - Department of Economics, Iowa State University - 2013
, seek a dynamic efficiency rationale. We study a lifecycle model wherein young agents make health investments to reduce … mortality risk. We identify a welfare rationale for public health under dynamic efficiency and exogenous mortalityeven when … borrowers, it works together with dynamic efficiency to support a role for public health. …