expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were …

This paper develops a life-cycle model in which a household faces stochastic health depreciation and chooses … consumption, health expenditure, and the allocation of its wealth between bonds, stocks, and housing. The model is calibrated to … explain the cross-sectional variation and the joint dynamics of health expenditure, health, and wealth for females, aged 65 or …

of shifting trends in population health for medical care costs, labor supply, earnings, wealth, tax revenues, and …The public economic burden of shifting trends in population health remains uncertain. Sustained increases in obesity … - but these savings may be offset by worsening functional status, which increases health care spending, reduces labor supply …

primarily the symptom of real declines in the health of near-elderly Americans, relative to their European peers. In particular …, we use a microsimulation approach to project what US longevity would look like, if US health trends approximated those in … Europe. We find that differences in health can explain most of the growing gap in remaining life expectancy. In addition, we …

The Health and Retirement Study (HRS) and a number of other major household surveys use unfolding brackets to reduce …

This paper examines to what extent differences in employment rates across those in better and worse health in the UK … significant proportion of retirements. However, we find no evidence that individuals with different levels of health respond to …

attention to the role of health status. We estimate probit models of retirement using data from SHARE. The results show that … health and incentives matter in the decision to exit from the labor market. Based on these results, we simulate the effect of …