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mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
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mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011454352
overlapping generations economy in which individuals purchase health care to lower mortality. We consider three sectors: final …
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We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
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