The Lifetime Costs of Bad Health

What generates the observed differences in economic outcomes by health? How costly it is to be unhealthy? We show that health dynamics are largely driven by ex-ante fixed heterogeneity, or health types, even when controlling for one’s past health history. In fact, health types are the key driver of...

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Veröffentlicht in:The Review of economic studies 2024-09
Hauptverfasser: De Nardi, Mariacristina, Pashchenko, Svetlana, Porapakkarm, Ponpoje
Format: Artikel
Sprache:eng
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