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 analyses the long-run effects of Estonia's 2000 Income Tax Act with a dynamic general equilibrium model … Income Tax Act leads to higher per capita income and investment, but lower welfare. A sensitivity analysis shows the results …

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 …

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 …

literature, which focused on inefficient health behavior of the less educated, we investigate the extent to which the education … delayed through health expenditure. Individuals are heterogeneous with respect to their return to education. The proposed …This study presents a new view on the association between education and longevity. In contrast to the earlier …

In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness … fundamentals. The model is used to explain how untreated depression leads to unhealthy behavior and adverse health outcomes …: depressed individuals are predicted to save less, invest less in their health, consume more unhealthy goods, and exercise less …