A Structural Analysis of the Health Expenditures andPortfolio Choices of Retired Agents

Richer and healthier agents tend to hold riskier portfolios and spend proportionallyless on health expenditures. Potential explanations include health and wealth eects onpreferences, expected longevity or disposable total wealth. Using HRS data, we perform astructural estimation of a dynamic model of consumption, portfolio and health expenditurechoices with recursive utility, as well as health-dependent income and mortality risk.[...]

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Year of publication:	2010-06-21
Authors:	Hugonnier, Julien ; Pelgrin, Florian ; St-Amour, Pascal
Institutions:	Swiss National Centre of Competence in Research North South <Bern>
Subject:	Gesundheit \| health management \| Kapitalallokation \| virtual risk adjusted capital \| Nutzen \| Lebenserwartung \| Life Expectancy

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Extent:	624640 bytes 45 p. application/pdf
Series:	FINRISK Working Paper Series Working Paper ; No. 616
Type of publication:	Book / Working Paper
Language:	English
Classification:	G11 - Portfolio Choice ; I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior ; Subject matter and research method of business administration ; Operations Research. General ; Management of financial services: stock exchange and bank management science (including saving banks) ; Management of insurance ; Public Management. Non-profit organisations ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009305104