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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 …
Persistent link: https://www.econbiz.de/10012064136
Persistent link: https://www.econbiz.de/10003814383
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 …
Persistent link: https://www.econbiz.de/10012265303
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 …
Persistent link: https://www.econbiz.de/10011576335
In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … theory in which individuals take into account the fact that the consumption of addictive goods reduces their health and …
Persistent link: https://www.econbiz.de/10011673693
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In this paper I discuss overweight and obesity and their repercussions on health deficit accumulation and longevity in … eating behavior on weight gain and health, exercises to lose weight, invests money to improve health and saves for health …
Persistent link: https://www.econbiz.de/10011946923
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