Economics at your fingertips  

A Closed-form Solution for the Health Capital Model

Holger Strulik ()

JODE - Journal of Demographic Economics, 2015, vol. 81, issue 3, 301-316

Abstract: This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in order to prove analytically the comparative dynamics of the model. Results are derived for the so-called pure investment model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal life, it is shown that the optimal solution implies eternal life.

Keywords: Longevity; Aging; Health; Health care demand (search for similar items in EconPapers)
JEL-codes: D10 D90 I20 (search for similar items in EconPapers)
Date: 2015-09-01
References: Add references at CitEc
Citations: View citations in EconPapers (16) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: A closed-form solution for the health capital model (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in JODE - Journal of Demographic Economics from Cambridge University Press Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Sebastien SCHILLINGS ().

Page updated 2019-07-22
Handle: RePEc:ctl:louvde:v:81:y:2015:i:3:p:301-316