Smith, V. Kerry; Taylor, Donald H.; Sloan, Frank A.; … - 2011
This paper reports the first test of how exogenous health shocks impact people's longevity expectations. The analysis … exploits the panel structure of the Health and Retirement Study and tests whether smokers, former smokers and those who never … smoked react differently to serious, smoking related health shocks. The results support the conclusion that smokers have a …