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We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...
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; Innovation ; Pharmaceuticals ; Health care expenditure ; Cointegration …
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; Innovation ; Pharmaceuticals ; Health care expenditure ; Cointegration …
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