Optimal Aging and Death: Understanding the Preston Curve

Carl-Johan Lars Dalgaard; Holger Strulik

doi:10.1111/jeea.12071

Optimal Aging and Death: Understanding the Preston Curve

Carl-Johan Lars Dalgaard, Holger Strulik

Økonomisk Institut

58 Citationer (Scopus)

Abstract

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

Originalsprog	Engelsk
Artikelnummer	5
Tidsskrift	Journal of the European Economic Association
Vol/bind	12
Udgave nummer	3
Sider (fra-til)	672-701
Antal sider	30
ISSN	1542-4766
DOI	https://doi.org/10.1111/jeea.12071
Status	Udgivet - 1 jun. 2014

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10.1111/jeea.12071

Citationsformater

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Optimal Aging and Death: Understanding the Preston Curve

Abstract

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