Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus; … - 2009
technological change along with the increase in the generosity of health insurance may explain independently 53% of the rise in … health spending (insurance 29% and technology 24%) while income less than 10%. By simultaneously occurring over this period …We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to …