Galama, Titus J.; Kapteyn, Arie; Fonseca, Raquel; … - 2009
The authors formulate a stylized structural model of health, wealth accumulation and retirement decisions building on … consumption, health, health investment, savings and retirement. They argue that the Grossman literature has been unnecessarily … deteriorating health as an important reason for early retirement. They find that improvements in population health decrease the …