We study biological aging of elderly U.S. Americans born 1904-1966. We use thirteen waves of the Health and Retirement … Study and construct a health deficit index as the number of health deficits present in a person measured relative to the … number of potential deficits. We find that, on average, Americans develop 5 percent more health deficits per year, that men age …

show this trend by computing a health deficit index for a panel of 14 European Countries and six waves of the Survey of … Health, Aging, and Retirement in Europe (SHARE). We find that for each year of later birth, health deficits decline by on … of human aging. For example, the level of health deficits experienced at age 65 by individuals born 1920 is predicted to …

making of a couple into a biologically founded life-cycle model of health deficit accumulation and endogenous longevity. We …

We investigate how the season of birth affects human health and aging. For this purpose, we use five waves of the … Survey of Health, Aging, and Retirement in Europe (SHARE) dataset and construct a health deficit index for 21 European … spring and summer (compared to autumn). At given age, they have developed about 3.5 percent more health deficits. The bulk of …

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young … individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life … adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …

integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of …

health behavior. For that purpose we set up a physiologically founded model of health deficit accumulation and calibrate it … using recent insights from gerontology. From fitting life cycle health expenditure and life expectancy we obtain estimates …

biologically-founded life-cycle model of health deficit accumulation and endogenous longevity. We calibrate the model with U …