We study the evolution of health investment over the life-cycle by calibrating a model of endogenous health accumulation. The model is able to produce the decline in labor supply with age as well as the hump-shaped consumption profile. In both cases, health and health investment play a crucial...

A macro-health model with endogenous survival probability dependent on health history builds in a real business cycle (RBC) framework three channels of endogenous health accumulation documented in various scientific disciplines: (1) health affects utility; (2) health affects productivity but...