We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …

from a hedonic model of health care in which heterogenous individuals choose how much to spend on medical services that … reduce mortality risk. Their choices generate an equilibrium survival function that can be differentiated to recover their … marginal willingness to pay for mortality risk reduction. Our IV estimator uses survey data on Americans over age 66, linked to …

Has U.S. health care for the elderly become more equitable during the past several decades? When inequality is measured … their intrinsic shortcomings; expenditures depend on preferences, health status, and prices, while outcomes are strongly … affected by health behavior and past illness. We suggest a new approach to measuring inequality: the use of quality …

health debates in the United States for some time. Compression of morbidity would lead to longer life but less rapid medical … Medicare Current Beneficiary Survey, we examine how health is changing by time period until death. We show that functional … measures of health are improving, and more so the farther away from death the person is surveyed. Disease rates are relatively …

utility when in poor health explain most of the reduced demand. Bequests motives are found to be a luxury good and play a …

were impaired in the performance of at least one basic activity. It describes their wealth, living arrangements, and health … characteristics. Tobit regressions are presented that relate utilization of hospital services, paid home-health care, and unreimbursed …, household income and value of home equity do not decrease with either the level of disability or with age. The determinants of …

ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …