Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … part of the observed disparities in health by SES. In their model, lifestyle factors, working conditions, retirement …, living conditions and curative care are mechanisms through which SES, health and mortality are related. Their model predicts …

This paper presents a theory of the demand for health, health investment and longevity, building on the human capital … framework for health and addressing limitations of existing models. It predicts a negative correlation between health investment … and health, that the health of wealthy and educated individuals declines more slowly and that they live longer, that …

The authors present a generalized solution to Grossman's model of health capital (1972), relaxing the widely used … assumption that individuals can adjust their health stock instantaneously to an "optimal" level without adjustment costs. The … Grossman model then predicts the existence of a health threshold above which individuals do not demand medical care. Their …

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 …

This paper examines wealth data in the Health and Retirement Study (HRS). …