We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption …), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via … morbidity, determining the disutility of work, and through longevity, determining the need to accumulate retirement wealth. In …

We present a theory of the relation between health and retirement that generates testable predictions regarding the … interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals … problems make older workers more responsive to financial incentives encouraging retirement (reinforcement proposition). We test …

activities in retirement and its sensitivity with respect to alternative settings of the preference parameters. …

disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care …