There are many pathways explaining the relationship between socioeconomic status and health; one possibility is that … some normally unobservable characteristic causes people to invest both in their financial well-being and their health. Here … savings decisions and decisions in the health domain. Choices in both domains have long-term consequences and therefore …

We analyze the effect of health cost risk on optimal annuity demand and consumption/savings decisions. Many retirees … retirement, full annuitization is not optimal. In the other case of low health cost risk early in retirement, individuals should … health cost shocks at later ages. When comparing to empirically observed levels of annuitization, we find that high health …

are drawn from the new Survey of Health, Ageing and Retirement in Europe (SHARE).The empirical analysis shows that health … is multi-dimensional, in the sense that different health indicators have their own significant impact on individuals …' participation decisions.Health effects differ markedly between countries.A counterfactual exercise shows that improved health …

This paper studies the interplay between climate, health, and the economy in a stylized world with four heterogeneous …). We introduce health impacts into a simple integrated assessment model where both the local cooling effect of aerosols as … show how some of the important aspects of the equilibrium, including emission abatement rates, health costs, and economic …

health care expenditures and higher welfare. This paper shows that also the opposite effects can result. The reason is a … misalignment of doctor and patient incentives: Because of health insurance, the patient does not take the costs of treatment fully … is sufficiently good or (ii) (marginal) costs of treatment are high enough. Optimal health care systems should implement …