Kumagai, Narimasa; Ogura, Seiritsu - In: The European Journal of Health Economics 15 (2014) 7, pp. 717-735
No prior investigation has considered the effects of state dependence and unobserved heterogeneity on the relationship between regular physical activity (RPA) and latent health stock (LHS). Accounting for state dependence corrects the possible overestimation of the impact of socioeconomic...