Hugonnier, Julien; Pelgrin, Florian; St.-Amour, Pascal - 2010
Richer and healthier agents tend to hold riskier portfolios and spend proportionally less on health expenditures …. Potential explanations include health and wealth e ffects on preferences, expected longevity or disposable total wealth. Using … HRS data, we perform a structural estimation of a dynamic model of consumption, portfolio and health expenditure choices …