Medical Progress, Demand for Health Care, and Economic Performance

We study medical progress within an economy of overlapping generations subject to endogenous mortality. We characterize the individual optimum and the general equilibrium of the economy and study the impact of improvements in the effectiveness of health care. We find that general equilibrium effects dampen strongly the increase in health care usage following medical innovation and that an increase in savings offsets the negative impact on GDP per capita of a decline in the support ratio..

MoreLess

Year of publication:	2017
Authors:	Kuhn, Michael ; Frankovic, Ivan ; Wrzaczek, Stefan
Publisher:	Kiel, Hamburg : ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Macroeconomics ; D08-V3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	hdl:10419/168249 [Handle] RePEc:zbw:vfsc17:168249 [RePEc]
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; I11 - Analysis of Health Care Markets ; I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior ; I18 - Government Policy; Regulation; Public Health ; J11 - Demographic Trends and Forecasts ; J17 - Value of Life; Foregone Income ; O31 - Innovation and Invention: Processes and Incentives ; O41 - One, Two, and Multisector Growth Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10011712762