health (11-14 percent). In addition, among the age-ineligible adults, the pension scheme shifts them from farming to non …-farming work, lowers insurance participation rate, but does not change income, expenditure or health significantly. Finally, among …, improved health, and higher schooling rate. …

ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …

ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all the potential …

paths, housing ownership and expenses, levels and paths of health status, and out-of -pocket medical expenditures. Among all …

"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 … utility proxies. We estimate the model using the Health and Retirement Study's panel data on the elderly and near-elderly, and …