Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, … - 2008
utility proxies. We estimate the model using the Health and Retirement Study's panel data on the elderly and near-elderly, and …"We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which … the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and …