Galama, Titus J.; Kapteyn, Arie; Fonseca, Raquel; … - RAND - 2008
The authors formulate a stylized structural model of health, wealth accumulation and retirement decisions building on … the human capital framework of health provided by Grossman. They explicitly assume a functional form of the utility … consumption, health, health investment, savings and retirement. They argue that the Grossman literature has been unnecessarily …