Mortality and Healthcare: a Stochastic Control Analysis under Epstein-Zin Preferences

21 Apr 2020 Aurand Joshua Huang Yu-Jui

This paper studies optimal consumption, investment, and healthcare spending under Epstein-Zin preferences. Given consumption and healthcare spending plans, Epstein-Zin utilities are defined over an agent's random lifetime, partially controllable by the agent as healthcare reduces mortality growth... (read more)

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