We use new PSID data on consumption and health, along with information on annual sick time, to estimate a structural … labor supply model that incorporates a health capital stock with the traditional human capital learning-by-doing model. The … estimates show strong evidence of learning by doing as well as strong persistence in health. However, the estimates reveal that …

This paper considers the mechanisms behind a positive correlation between inheritances and health. First, there may … merely be a correlation: those from families with enough wealth to provide an inheritance tend to have better health. Second …, financial resources could be used to purchase inputs to health. Third, bequests may signal a stronger interest in one's child …