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Sleep is a source of energy. This energy is available in limited quantity and individuals must decide when it should be renewed and when it should be consumed. The economics of sleeping and the economics of resource extraction are one and the same. More specifically, utility maximization with...
Persistent link: https://www.econbiz.de/10014306470
thereby, in the context of health economics, not enough investment in health and too much indulgence of unhealthy consumption … health than they would if they had a constant rate of time preference. Using a calibrated life-cycle model of human aging, we … high weight in life time utility. In an extension we show that the introduction of health-dependent survival probability …
Persistent link: https://www.econbiz.de/10012929204
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 …
Persistent link: https://www.econbiz.de/10011673693
This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three types of present focus: present-bias with varying degrees of naiveté, Gul-Pesendorfer preferences, and a dual-self approach. We investigate the incentives to deviate from healthy...
Persistent link: https://www.econbiz.de/10012206092
. The three key factors determining whether the introduction of a harm reduction method reduces or worsens health harms are …
Persistent link: https://www.econbiz.de/10014226123
fertility and labor supply, supporting women's overall health. …We present a dynamic life-cycle model of women's labor supply, marriage, and fertility choices that explicitly … incorporates mental and physical health. Correlated mental and physical health production functions are simultaneously estimated …
Persistent link: https://www.econbiz.de/10014582273
Persistent link: https://www.econbiz.de/10003353331
Persistent link: https://www.econbiz.de/10001245561
Empirical studies show that years of schooling are positively correlated with good health. The implication may go from … education to health, from health to education, or from factors that influence both variables. We formalize a model that … determines an individual's demand for knowledge and health based on the causal effects, and study the impacts on the individual …
Persistent link: https://www.econbiz.de/10011554425
We present new evidence on the relationship between health behaviors and experimental measures of risk and time … preferences and introduce evidence that perceived control - a measure incorporated from the health psychology literature - is a … stronger and more consistent predictor of health behaviors than economic preferences. …
Persistent link: https://www.econbiz.de/10009681237