This paper discusses consequences of changing economic conditions and job characteristics for individual behaviour by means of addiction. The central assumption is that unwanted high consumption of health damaging goods leads to an income loss. If an individual has decided on his consumption...

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...

This paper formulates and estimates a dynamic model of health, addiction, education, and wealth in order to understand the well-established positive empirical relationship between education and health. In our model, agents make decisions on schooling, consumption of addictive goods, and...

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...