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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Halliday, Timothy J. | en |
dc.contributor.author | He, Hui | en |
dc.contributor.author | Zhang, Hao | en |
dc.date.accessioned | 2009-12-01 | - |
dc.date.accessioned | 2010-07-07T12:05:51Z | - |
dc.date.available | 2010-07-07T12:05:51Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x4482 | en |
dc.subject.jel | I12 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Health investment | en |
dc.subject.keyword | structural model | en |
dc.subject.keyword | medical expenditures | en |
dc.subject.stw | Gesundheitsvorsorge | en |
dc.subject.stw | Lebenszyklus | en |
dc.subject.stw | Verbraucherausgaben | en |
dc.subject.stw | USA | en |
dc.title | Health investment over the life-cycle | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 61397008X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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