Frontmatter -- Preface -- Contents -- I. The Nature of Accident and Sickness Insurance -- II. Replacement of Income-Personal Contracts -- III. Replacement of Income-Group Contracts -- IV. Meeting Hospital Costs -- V. Meeting Surgical and Medical Expense -- VI. Standard Provisions-Personal...

This paper studies a consumption-investment problem involving health shock risk, perishable consumption, and consumption of housing services. Additionally to a risk-free asset and a stock index, the agent can invest in real estate. I analyze the impact of health shocks on the optimal consumption...