What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors
AbstractWe explore economic model of health behaviors. While the standard economic model of health as an investment is generally supported empirically, the ability of this model to explain heterogeneity across individuals is extremely limited. Most prominently, the correlation of different health behaviors across people is virtually zero, suggest that standard factors such as variation in discount rates or the value of life are not the drivers of behavior. We focus instead on two other factors: genetics; and behavioral-specific situational factors. The first factor is empirically important, and we suspect the second is as well.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11100.
Date of creation: Feb 2005
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Other versions of this item:
- David M. Cutler & Edward Glaeser, 2005. "What Explains Differences in Smoking, Drinking, and Other Health-Related Behaviors?," American Economic Review, American Economic Association, vol. 95(2), pages 238-242, May.
- David Cutler & Edward Glaeser, 2005. "What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors?," Harvard Institute of Economic Research Working Papers 2060, Harvard - Institute of Economic Research.
- I2 - Health, Education, and Welfare - - Education
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- Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-55, March-Apr.
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