We analyze the value to the labor force of improvements in survival and health over the years 1970 to 1999. We find … that survival gains and reductions in the number of work-days missed due to poor health have added about 8 percent to the … are around 2%. Overall, health improvements have added $1.5 trillion to the value of labor market human capital over this …

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

detrimental behavioral responses. We explore this idea in the context of endogenous health and aging. We integrate physiological … state of health affects health spending, life expectancy, and the value of life. In counterfactual computational experiments … lifetime utility, health investments, and longevity. We then use the model to contribute to the literature on information …

detrimental behavioral responses. We explore this idea in the context of endogenous health and aging. We integrate physiological … state of health affects health spending, life expectancy, and the value of life. In counterfactual computational experiments … lifetime utility, health investments, and longevity. We then use the model to contribute to the literature on information …

This paper studies life-cycle preferences over consumption and health status. We show that cost-effectiveness analysis … utility of consumption and the utility of health status, and if the utility of consumption is constant over time. We derive …, health status, and the possibilities for intertemporal substitution of consumption. (C) 1999 Elsevier Science B.V. All rights …