This paper evaluates the gains in longevity based on individuals’ willingness to pay, and measures the social values of these gains. We apply the Murphy and Topel (2003, 2006) model for Mexico for the first time, which allows us to estimate the value of a life year and the value of remaining...

This paper studies the normative problem of redistribution between agents who can influence their survival probability through private health spending, but who differ in their attitude towards the risks involved in the lotteries of life to be chosen. For that purpose, we develop a two-period...

Whereas existing OLG models with endogenous longevity neglect the impact of environmental quality on mortality, this paper studies the design of the optimal public intervention in a two-period OLG model where longevity is influenced positively by health expenditures, but negatively by pollution...

This paper studies the optimal linear tax-transfer policy in an economy where agents differ in productivity and in genetic background, and where longevity depends on health spending and genes. It is shown that, if agents internalize imperfectly the impact of genes and health spending on...

We connect the recent medical and economic literatures on the long-run effects of early-life conditions, by analyzing the effects of economic conditions on the individual cardiovascular (CV) mortality rate later in life, using individual data records from the Danish Twin Registry covering births...

An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...

This paper evaluates the gains in longevity based on individuals’ willingness to pay, and measures the social values of these gains. We apply the Murphy and Topel (2003, 2006) model for Mexico for the first time, which allows us to estimate the value of a life year and the value of remaining...