foster improvements in retirees’ health. However, retirement also bears the risk that retirees suffer from the loss of daily … or cause a deterioration of retirees’ health, or eventually have no effect on it at all. …

In this paper, I propose a life cycle model of occupational choice with endogenous health behavior, aging, and … longevity. Health-demanding work leads to a faster accumulation of health deficits and is remunerated with a hazard markup on … wages. Health deficit accumulation is also influenced by unhealthy consumption and health care expenditure. I calibrate the …

model with endogenous aging and longevity. Individuals can slow down aging and postpone death by health investments and by … smoke less and invest more in their health. Consequently, they accumulate health deficits faster and die earlier than … originally planned. This fundamental health consequence of time-inconsistency has not been addressed in the literature so far …

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 …

thereby, in the context of health economics, not enough investment in health and too much indulgence of unhealthy consumption … health than they would if they had a constant rate of time preference. Using a calibrated life-cycle model of human aging, we … high weight in life time utility. In an extension we show that the introduction of health-dependent survival probability …