integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of …

Using a dynamic panel approach, we provide empirical evidence that negative health shocks reduce earnings. The effect … health. We build a dynamic, general equilibrium, life cycle model that is consistent with these findings. In the model …, individuals whose health is risky and heterogeneous choose to either work, or not work and apply for social security disability …

We construct a unified objective measure of health status: the frailty index, defined as the cumulative sum of all … adverse health indicators observed for an individual. First, we show that the frailty index has several advantages over self …-reported health status, particularly when studying health dynamics. Then we estimate a stochastic process for frailty dynamics over …

Previous literature has identified income, poor health and social relationships as the most important predictors of … income and social relationships vary with age in a wave-like fashion, while the negative marginal effect of poor health …

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 …

on the gender-specific health outcome of respondents aged 60+ at follow-up over a period of 13 years (for western Germany … analysed self-rated general health as well as the self-reported absence and prevalence of specific diseases which are directly …-up in order to control for selection effects to the health outcome. The analysis was separated by sex to account for gender …