Optimal Aging and Death: Understanding the Preston Curve
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Optimal Aging and Death: Understanding the Preston Curve. / Dalgaard, Carl-Johan Lars; Strulik, Holger.
In: Journal of the European Economic Association, Vol. 12, No. 3, 5, 01.06.2014, p. 672-701.Research output: Contribution to journal › Journal article › peer-review
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TY - JOUR
T1 - Optimal Aging and Death: Understanding the Preston Curve
AU - Dalgaard, Carl-Johan Lars
AU - Strulik, Holger
N1 - JEL: D91,I12, J17, J26
PY - 2014/6/1
Y1 - 2014/6/1
N2 - Does prosperity lead to greater longevity? If so, what is the strength of the income channel? To address these questions we develop a life cycle model in which households are subject to physiological aging. In modeling aging we draw on recent research in the fields of biology and medicine. The speed of the aging process, and thus the age of death, are endogenously determined by optimal health investments. A calibrated version of the model accounts well for the observed nonlinear cross-country link between longevity and income, also known as the Preston curve
AB - Does prosperity lead to greater longevity? If so, what is the strength of the income channel? To address these questions we develop a life cycle model in which households are subject to physiological aging. In modeling aging we draw on recent research in the fields of biology and medicine. The speed of the aging process, and thus the age of death, are endogenously determined by optimal health investments. A calibrated version of the model accounts well for the observed nonlinear cross-country link between longevity and income, also known as the Preston curve
U2 - 10.1111/jeea.12071
DO - 10.1111/jeea.12071
M3 - Journal article
VL - 12
SP - 672
EP - 701
JO - Journal of the European Economic Association
JF - Journal of the European Economic Association
SN - 1542-4774
IS - 3
M1 - 5
ER -
ID: 46129596