• Introduction
  • 1 Data
  • 1.1 Data sources and details
  • 1.2 Relevant co-movements
  • 2 The model
  • 2.1 Health dynamics and survival
  • 2.2 Income dynamics
  • 2.3 Preferences
  • 2.4 Financial market and budget constraint
  • 2.5 The decision problem
  • 3 Optimal rules
  • 3.1 Health independent mortality
  • 3.2 Health dependent mortality
  • 4 Econometric analysis
  • 4.1 Econometric model
  • 4.2 Results
  • 4.3 Discussion
  • 5 Conclusion
  • References