. Specifically, it is assumed that at any age the probability to survive depends on the number of health deficits accumulated. It is … death and a precautionary motive for health investment into account thus further improves a bit the anyway good fit of the …

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

decide on optimal consumption during life, the age of retirement, and (via health investments) the timing of their death … appears to have been technological change in health care. Both technology and income contribute to the rise in years in …

. Specifically, it is assumed that at any age the probability to survive depends on the number of health deficits accumulated. At the … her age but by the number of accumulated health deficits. The stochastic model basically confirms the earlier …

effects of child-bearing, health expenditure, and education under endogenous mortality. Facing a hierarchy of needs, parents … always consume and want to have a family. Child quality, measured as a two-dimensional vector of child health and schooling …

effects of child-bearing, health expenditure, and education under endogenous mortality. Facing a hierarchy of needs, parents … always consume and want to have a family. Child quality, measured as a two-dimensional vector of child health and schooling …