This paper presents a preliminary model of health investments over the life cycle. Health affects both longevity and … provides flow utility. We analyze the interplay between consumption choices and investments in health by solving each household …'s dynamic optimization problem to obtain predictions on health investments and consumption choices over the lifecycle. Our …

enhance understanding of factors influencing consumption, wealth and health. We develop three primary results when using the …In this project we extend an augmented lifecycle model, incorporating a Grossman-style model of health capital, to … model to explore the effects of stylized versions of Medicare and Social Security on wealth and longevity. First, our model …