This paper formulates and estimates a dynamic model of health, addiction, education, and wealth in order to understand … generate a constellation of bad health, and low levels of education and wealth, which is further reinforced by the … Youth 97, using a two-step estimation procedure that combines factor analysis and the simulated method of moments. Using the …

of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …

of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …