Ontology highlight
ABSTRACT:
SUBMITTER: van Kippersluis H
PROVIDER: S-EPMC4266945 | biostudies-literature | 2014 Nov
REPOSITORIES: biostudies-literature
van Kippersluis Hans H Galama Titus J TJ
European economic review 20141101
Wealthier individuals engage in healthier behavior. This paper seeks to explain this phenomenon by exploiting both inheritances and lottery winnings to test a theory of health behavior. We distinguish between the direct monetary cost and the indirect health cost (value of health lost) of unhealthy consumption. The health cost increases with wealth and the degree of unhealthiness, leading wealthier individuals to consume more healthy and moderately unhealthy, but fewer severely unhealthy goods. T ...[more]