The health hump

Research English OPEN
Strulik, Holger;
  • Publisher: Göttingen: University of Göttingen, Center for European, Governance and Economic Development Research (cege)
  • Subject: D91 | E21 | I10 | health | aging | life-cycle consumption
    • ddc: ddc:330

In this paper, I suggest a novel explanation for a hump-shaped ageconsumption profile, based on human aging. The model integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of consumption. The parsimonio... View more
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