Limited self‐control and longevity
构建了一个新框架,讨论生命周期健康与长寿中的自我控制问题,将个体决策视为短视冲动与理性长远自我的博弈,并用美国数据校准模型,评估不完美自我控制对不健康消费、健康投资、终身健康及死亡年龄的影响。
This paper proposes a new framework to discuss self-control problems in the context of life-cycle health and longevity. Individual decisions are conceptualized as the partial control of impulsive desires of a short-run self by a rationally forward-looking long-run self. The short-run self strives for immediate gratification through consumption of health-neutral and unhealthy goods. The long-run self reflects the long-term consequences of unhealthy behavior on health outcomes and longevity and invests time and money to improve current and future health. The model is calibrated with data from the United States and used to provide an assessment of the impact of imperfect self-control on unhealthy consumption, health investments, lifetime health, and the age at death.