In this paper, I propose a life cycle model of occupational choice with endogenous health behavior, aging, and … longevity. Health-demanding work leads to a faster accumulation of health deficits and is remunerated with a hazard markup on … wages. Health deficit accumulation is also influenced by unhealthy consumption and health care expenditure. I calibrate the …

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 …

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 …

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

health behavior. For that purpose we set up a physiologically founded model of health deficit accumulation and calibrate it … using recent insights from gerontology. From fitting life cycle health expenditure and life expectancy we obtain estimates …

. Specifically, it is assumed that at any age the probability to survive depends on the number of health deficits accumulated. It is … death and a precautionary motive for health investment into account thus further improves a bit the anyway good fit of the …

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 …

. Specifically, it is assumed that at any age the probability to survive depends on the number of health deficits accumulated. At the … her age but by the number of accumulated health deficits. The stochastic model basically confirms the earlier …

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