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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 depression leads to unhealthy behavior and adverse health outcomes …
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Individual preferences for 'ageing in place' (AIP) in old age are not well understood. One way to test the strength of AIP preference is to investigate the effect of health shocks on residential mobility to smaller size or value dwellings, which we refer to as 'housing downsizing'. This paper...
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