Showing 1 - 10 of 44
In this paper, I suggest a novel explanation for a hump-shaped ageconsumption profile, based on human aging. The model integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of consumption. The parsimonious model has a closed-form...
Persistent link: https://www.econbiz.de/10011375688
Persistent link: https://www.econbiz.de/10009757276
This study presents a new view on the association between education and longevity. In contrast to the earlier literature, which focused on inefficient health behavior of the less educated, we investigate the extent to which the education gradient can be explained by fully rational and efficient...
Persistent link: https://www.econbiz.de/10011556905
Persistent link: https://www.econbiz.de/10011411088
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...
Persistent link: https://www.econbiz.de/10012820924
Persistent link: https://www.econbiz.de/10010188738
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 longevity. I distinguish two types of addiction: perfect and...
Persistent link: https://www.econbiz.de/10011673693
Persistent link: https://www.econbiz.de/10012138557
Persistent link: https://www.econbiz.de/10011730844
In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness research, depression is conceptualized as a drastic loss of utility and value of life (life satisfaction) for unchanged fundamentals. The model is used to explain how untreated...
Persistent link: https://www.econbiz.de/10011786014