The role of dietary choices and medical expenditures on health outcomes when health shocks are endogenous
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文摘
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Propose a theoretical framework that includes both a role for preventive actions and treatment in producing health outcome.

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Preventive actions and treatment affect health through food choices and medical services, respectively.

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An agent’s food choices (i.e. calorie decision) alter the distribution of future health shocks.

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Theoretical results suggest that under certain conditions wealthier agents choose a healthier diet than lower income ones.

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Numerical exercise captures U.S. cross-sectional facts regarding medical, food and non-food expenditures.

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