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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/36074
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Halliday, Timothy J. | | en_US |
| dc.contributor.author | | He, Hui | | en_US |
| dc.contributor.author | | Zhang, Hao | | en_US |
| dc.date.accessioned | | 2009-12-01 | | en_US |
| dc.date.accessioned | | 2010-07-07T12:05:51Z | | - |
| dc.date.available | | 2010-07-07T12:05:51Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36074 | | - |
| dc.description.abstract | | We study the evolution of health investment over the life-cycle by calibrating a model of endogenous health accumulation. The model is able to produce the decline in labor supply with age as well as the hump-shaped consumption profile. In both cases, health and health investment play a crucial role as the former encroaches upon healthy time and the latter crowds out non-medical expenditures as people age. Finally, we quantify the value of health as both an investment and a consumption good. We show that the investment motive is about three times higher than the consumption motive during the early 20s, but decreases over the life-cycle until it disappears at retirement. In contrast, the consumption motive increases with age and surpasses the investment motive during the mid 40s. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Forschungsinst. zur Zukunft der Arbeit Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 4482 | | en_US |
| dc.subject.jel | | I12 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Health investment | | en_US |
| dc.subject.keyword | | structural model | | en_US |
| dc.subject.keyword | | medical expenditures | | en_US |
| dc.subject.stw | | Gesundheitsvorsorge | | en_US |
| dc.subject.stw | | Lebenszyklus | | en_US |
| dc.subject.stw | | Verbraucherausgaben | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Health investment over the life-cycle | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 61397008X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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