, extend the empirical approach in two ways. First, we add health as an additional outcome di- mension. Second, we apply a semi …

, extend the empirical approach in two ways. First, we add health as an additional outcome dimension. Second, we apply a semi …

, extend the empirical approach in two ways. First, we add health as an additional outcome dimension. Second, we apply a semi …

, extend the empirical approach in two ways. First, we add health as an additional outcome dimension. Second, we apply a semi …

, discrimination, health and safety concerns, freedom of association and collective bargaining, wages and benefits, hours of work, and …

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young … individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life … adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …