A utility based theoretical model for the income-life expectancy curve

Kaan Öğüt and Caglar Yurtseven
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Kaan Öğüt: Bahcesehir University, Besiktas, Istanbul, Turkey

Theoretical and Applied Economics, 2016, vol. XXIII, issue 1(606), Spring, 141-150

Abstract: The relationship between income and life expectancy is an established empirical fact, commonly represented by the Preston curve. Although this empirical relationship has been common knowledge for a very long time, there is no theoretical model that explicates the exact dynamic of it. The present paper fills this void by developing a utility based model which successfully estimates the Preston curve.

Keywords: life expectancy; Preston curve; utility model; logistic function; simulation. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:1(606):p:141-150

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