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 …

In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness … fundamentals. The model is used to explain how untreated depression leads to unhealthy behavior and adverse health outcomes …: depressed individuals are predicted to save less, invest less in their health, consume more unhealthy goods, and exercise less …

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 …