Strulik, Holger; Trimborn, Timo - 2016
thereby, in the context of health economics, not enough investment in health and too much indulgence of unhealthy consumption …. Here, we challenge this view. We set up a life-cycle model of human aging and longevity in which individuals discount the … health than they would if they had a constant rate of time preference. Using a calibrated life-cycle model of human aging, we …