Universität zu Köln

Life Cycle Economics, Health, and Inequality

Schön, Matthias Johannes (2015) Life Cycle Economics, Health, and Inequality. PhD thesis, Universität zu Köln.

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    Abstract

    This thesis consists of three self-contained chapters. Although the first two chapters study different questions and contribute to distinct branches of the literature, they are related with respect to the research question. Both chapters contribute to the field of health economics, reflecting my research interest in a better understanding of the interdependence between the economic situation of individuals and their health. This interest is motivated by the well-documented correlation between health and income. Exemplifying this correlation, the average additional life expectancy at age 55 across earnings deciles. The richest 10% have a 10 years longer life expectancy than the poorest 10%. However, correlations without an understanding of causation are no sufficient guide for policy. Building on this insight, Chapter 1 and 2 investigate potential mechanisms to identify the link between health and the economic sphere. Chapter 1 studies recuperation time and shows that fear of unemployment drives a wedge between the long-run health of rich and poor workers. Chapter 2 investigates whether stress caused by a low economic performance compared to a self-determined circle of acquaintances may pose a threat to health. Chapter 3 deviates from the first two chapters in its nature as it contributes to the literature of computational economics. More precisely, it develops a method which deals with the computational challenges of heterogeneous agent models that require a higher dimensional state space. The method can be applied to large-scale overlapping generations as well as other models with heterogeneous agents and could be applied in Chapter 2.

    Item Type: Thesis (PhD thesis)
    Creators:
    CreatorsEmail
    Schön, Matthias Johannesm.schoen@wiso.uni-koeln.de
    URN: urn:nbn:de:hbz:38-64860
    Subjects: Economics
    Uncontrolled Keywords:
    KeywordsLanguage
    Sick Leave Unemployment HealthEnglish
    Faculty: Wirtschafts- u. Sozialwissenschaftliche Fakultät
    Divisions: Wirtschafts- u. Sozialwissenschaftliche Fakultät > Keine Angabe
    Language: English
    Date: 2015
    Date Type: Publication
    Date of oral exam: 09 December 2015
    Full Text Status: Public
    Date Deposited: 29 Dec 2015 14:27:06
    Referee
    NameAcademic Title
    Ludwig, AlexanderProf. Dr.
    Krause, MichaelProf. Dr.
    URI: http://kups.ub.uni-koeln.de/id/eprint/6486

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