Grootendorst, Paul; Piérard, Emmanuelle; Shim, Minsup - Department of Economics, McMaster University - 2007
Several studies suggest that, on the basis of life expectancy (LE) regressions, new pharmaceutical drugs are responsible for some of the marked gains in LE observed over the last 50 years. We critically appraise these studies. We point out several modeling issues, including disentangling the...