interaction between R&D-driven medical progress and access to health care into account. We use the model to explore potential … futures of human health and longevity. For the baseline policy scenario of health care access, the calibrated model predicts … substantial future increases in health and life expectancy, associated with rising shares of health expenditure in GDP. Freezing …

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 …

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 …

show this trend by computing a health deficit index for a panel of 14 European Countries and six waves of the Survey of … Health, Aging, and Retirement in Europe (SHARE). We find that for each year of later birth, health deficits decline by on … of human aging. For example, the level of health deficits experienced at age 65 by individuals born 1920 is predicted to …

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 …

model with endogenous aging and longevity. Individuals can slow down aging and postpone death by health investments and by … smoke less and invest more in their health. Consequently, they accumulate health deficits faster and die earlier than … originally planned. This fundamental health consequence of time-inconsistency has not been addressed in the literature so far …