This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging can be discussed. To be efficient, these policies must recognize and exploit the dynamic complementarities between the timing of retirement, the size of lifecycle labour income...

We show that in a large class of distributed optimal control models (DOCM), where population is described by a McKendrick type equation with an endogenous number of newborns, the reproductive value of Fisher shows up as part of the shadow price of the population. Depending on the objective...

This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage...

Die Bundesregierung hat zum Jahresbeginn 1999 die Ausgabenentwicklung in wichtigen Leistungsbereichen durch Obergrenzen beschränkt. Ausgaben sind im personalintensiven Gesundheitswesen aber zugleich in wesentlichem Umfang Einkommen der Leistungserbringer. Wie hat sich die Einkommenssituation...

In countries where health care is publicly provided and where equity considerations play an important role in policy decisions, it is often argued that an increase in co-payments is unacceptable as it will be particularly harmful to the less well-off in society. The present paper derives...