If health care expenditure for the elderly grows faster than for younger people, the expenditure profiles become steeperʺ we call that "steepingʺ. Three instruments for measuring steepingʺ are presented: (1) trend of the relation between per-capita-expenditure of the old and the young; (2)...

Medical costs are among the most significant factors in determining long run fiscal requirements for the federal budget of the United States, and for the individual household budgets of retirees. Rapid growth and high individual variance make projections of future expenditures in the 20 to 50...

This paper analyses the health expenditure profile by age and gender of survivors and deceased in four Italian regions. Per capita spending on the deceased constantly diminishes after middle age. The ratio between per capita expenditures on deceased and survivors by age shows a downward trend...

This paper presents a simple two-period overlapping generation's model with uncertain lifetimes that contains environmental and health issues. It investigates an intergenerational conflict between old and young generations as regards two defensive expenditures, offsetting the influence of a...

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life expectancy, and the value of life. We set up a a life cycle...

Understanding how demand for prescription drugs responds to changes in income is important for assessing the welfare consequences of reforms affecting income. This becomes more imminent as age progresses, because the use of prescription drugs and the associated budgetary burden increases...