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 … longevity. I distinguish two types of addiction: perfect and common. Individuals with perfect addiction perfectly control their …

. Here, we challenge this view. We set up a life-cycle model of human aging and longevity in which individuals discount the … health than they would if they had a constant rate of time preference. Using a calibrated life-cycle model of human aging, we … thereby, in the context of health economics, not enough investment in health and too much indulgence of unhealthy consumption …

making of a couple into a biologically founded life-cycle model of health deficit accumulation and endogenous longevity. We …Married people live longer than singles but how much of the longevity gap is causal and what the particular mechanisms …% of the marriage gain in longevity of men can be motivated by economic calculus while the marriage gain for women observed …

biologically-founded life-cycle model of health deficit accumulation and endogenous longevity. We calibrate the model with U …Married people live longer than singles but how much of the longevity differential is causal and what the particular … longevity of men can be motivated by economic calculus while the marriage gain for women observed in the data is attributed to …

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

mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …We study the role of health care within a continuous time economy of overlapping generations subject to endogenous …

are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …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 …

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill … an important economic mechanism driving human-capital formation, socio-economic and health disparities, human …-capital based economic growth, and causal relations among the stocks of wealth, skill and health, namely whether individuals can …