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Asthma and allergy: the significance of chronic conditions for individual health behaviour

Background: In health economics, health is regarded as part of an individual's human capital. As such it depreciates over time, and investments in health are made in order to keep the stock of health capital at the desired level. Using this framework for analysis of health‐related behaviour and Swedish panel data, we examined whether the presence of asthma or allergy affects perceived health and investments in health.