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. Author manuscript; available in PMC: 2019 Mar 22.
Published in final edited form as: Econ J (London). 2018 May 19;129(617):338–374. doi: 10.1111/ecoj.12577

Figure 1.

Figure 1

Model simulation of health (left figure) and health investment (right figure) using calibrated parameter values in Table 1. The solid lines indicate the model simulations, and the dots indicate the empirical data moments constructed from PSID (health) and MEPS (health investment).