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Fetal origins-A life cycle model of health and aging from conception to death.

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Limited self-control and longevity.

Holger Strulik1

  • 1Economics, University of Goettingen, Goettingen, Germany.

Health Economics
|September 15, 2018
PubMed
Summary

This study introduces a framework for understanding self-control issues affecting health and longevity. Imperfect self-control impacts unhealthy consumption, health investments, and lifespan.

Area of Science:

  • Health economics
  • Behavioral economics
  • Longevity research

Background:

  • Self-control problems significantly influence individual health behaviors and long-term outcomes.
  • Life-cycle health and longevity decisions are complex, involving trade-offs between immediate gratification and future well-being.

Purpose of the Study:

  • To propose a novel framework for analyzing self-control problems in the context of life-cycle health and longevity.
  • To model individual decision-making as an interaction between a short-run self and a long-run self.
  • To assess the impact of imperfect self-control on health-related behaviors and longevity.

Main Methods:

  • Conceptualizing individual decisions as a dynamic interplay between short-run impulsive desires and long-run rational planning.
Keywords:
aginghealth investmentslongevityself-controlunhealthy behavior

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  • Developing a theoretical model where a short-run self seeks immediate gratification and a long-run self invests in health.
  • Calibrating the model using United States data to simulate health and longevity outcomes.

    • Main Results:

    • Imperfect self-control leads to increased consumption of unhealthy goods.
    • Individuals with weaker self-control make fewer investments in their health.
    • The model quantifies the effects of self-control on lifetime health and the age of death.

    Conclusions:

    • Self-control is a critical determinant of health investments and consumption patterns over the life cycle.
    • Understanding the dynamics of self-control is essential for designing effective health interventions and policies.
    • The proposed framework provides a valuable tool for analyzing the economic and health consequences of imperfect self-control.