{"product_id":"health-and-wealth-of-nations-von-weichun-chen","title":"Health and Wealth of Nations","description":"\u003cp\u003eThis book theoretically and empirically examines the  relationship between health and wealth. We first  model the endogenous interactions between life  expectancy and income by modifying a standard  overlapping generation model to allow individuals to  directly choose their own longevity. The second  portion of the book is empirical. We show that  income has statistically significant effects on  various proxies for health. The results are robust  to different ways of controlling for the endogeneity  of income: both instrumental variable estimation  with external instruments and also generalized  method of moments estimation when internal  instruments are applied. We also directly test for  the causal relationship between income and various  proxies for health using three panel Granger  causality tests.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843360500\"\u003e\u003ch3\u003eTheoretical and Empirical Evidences\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843360500","offer_id":39470033371229,"sku":"9783843360500","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/0415d4af-7210-4ef9-8948-202551efaf77.jpg?v=1776057521","url":"https:\/\/shop.autorenwelt.de\/en\/products\/health-and-wealth-of-nations-von-weichun-chen","provider":"Autorenwelt Shop","version":"1.0","type":"link"}