incorporates mental and physical health. Correlated mental and physical health production functions are simultaneously estimated …, including the endogenous decisions to seek psychotherapy and smoke cigarettes as health accumulation factors. The model is … indicate that mental health has a stronger impact on labor supply than physical health. At the same time, estimates show that …

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 … motivating empirically observable patterns of addictive goods consumption. I take the case of smoking as unhealthy behavior …

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

, this paper examines how differences in time preference, as measured by smoking status, affect time spent on various …

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

We present a generalized solution to Grossman's model of health capital (1972), relaxing the widely used assumption … that individuals can adjust their health stock instantaneously to an "optimalʺ level without adjustment costs. The Grossman … model then predicts the existence of a health threshold above which individuals do not demand medical care. Our generalized …

We show that the choice of the welfare measure has a substantial impact on the degree of welfare-related health … inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration … indices. The influence of the welfare measure is more pronounced when using subjective health measures than when using …

We show that the choice of the welfare measure has a substantial impact on the degree of welfare-related health … inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration … indices. The influence of the welfare measure is more pronounced when using subjective health measures than when using …

physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British … Household Panel Survey data set. This question provides a natural cardinalization of health utility .Our method is a refinement … of the method introduced by Cutler and Richardson (1997). We extend their approach in two directions. First, the health …

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model … highlights similarities and differences in these two important components of human capital. Health is distinct from skill: health …