The authors formulate a stylized structural model of health, wealth accumulation and retirement decisions building on … the human capital framework of health provided by Grossman. They explicitly assume a functional form of the utility … consumption, health, health investment, savings and retirement. They argue that the Grossman literature has been unnecessarily …

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious … correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first … contribution by Lichtenberg (2004), which relates longevity in the United States to pharmaceutical innovation and public health …

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious … correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first … contribution by Lichtenberg (2004), which relates longevity in the United States to pharmaceutical innovation and public health …

Empirical studies show that years of schooling are positively correlated with good health. The implication may go from … education to health, from health to education, or from factors that influence both variables. We formalize a model that … determines an individual's demand for knowledge and health based on the causal effects, and study the impacts on the individual …

Various panel models were presented to resolve the ranking of global health care systems according to efficiency … be by regressing the health output on various explanatory variables through a combination of the fixed effects spatial … effects ; production of health ; efficiency measurement ; heterogeneity ; spatial effects ; spatial autocorrelation …

We present new evidence on the relationship between health behaviors and experimental measures of risk and time … preferences and introduce evidence that perceived control - a measure incorporated from the health psychology literature - is a … stronger and more consistent predictor of health behaviors than economic preferences. …