Health and Wealth in a Lifecycle Model Preliminary, Please Do Not Cite or Quote

This paper presents a model of health investments over the life cycle. Health a¤ects both longevity and provides ow utility. We analyze the interplay be-tween consumption choices and investments in health by solving each households dynamic optimization problem to obtain predictions on health investments and consumption choices over the lifecycle. Our model does a good job of matching the distribution of medical expenses across the households in the sample. We use the model to examine the e¤ects of several policies on patterns of wealth and mortality. The research reported herein was pursuant to a grant from the U.S. Social Security Administration (SSA) funded as part of the Retirement Research Consortium (RRC). The \u85ndings and conclusion