This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young … individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life … adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …

biologically-founded life-cycle model of health deficit accumulation and endogenous longevity. We calibrate the model with U …

making of a couple into a biologically founded life-cycle model of health deficit accumulation and endogenous longevity. We …

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

approach enables us to quantitatively characterize the optimal joint design of health and retirement policy behind the veil of … in medical technology calls for a potentially drastic increase in health spending that typically should be accompanied by … a lower pension savings rate and a higher retirement age. Interestingly, medical progress and higher health spending are …

In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … theory in which individuals take into account the fact that the consumption of addictive goods reduces their health and …

mortality rate. First, we show that in large networks, where health deficits accumulate at nodes representing health indicators …