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for health ; health spending ; insurance ; technological change ; longevity … 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 …
Persistent link: https://www.econbiz.de/10003925549
investigate the causes behind the increase in health spending and longevity in the U.S. over the period 1965-2005. We estimate … that technological change and the increase in the generosity of health insurance on their own may explain 36% of the rise … in health spending (technology 30% and insurance 6%), while income explains only 4% and other health trends 0.5%. By …
Persistent link: https://www.econbiz.de/10010191296
conceptualization of ageing as an accumulation of health deficits. The paper also discusses the role of medical progress for longevity … and health inequality and presents a framework to assess the effect of increased longevity on the value of life. …
Persistent link: https://www.econbiz.de/10012653346
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is … steady state growth rate. Although the effect is small, even for large increases in longevity, welfare gains may be …
Persistent link: https://www.econbiz.de/10008748203
We develop a perpetual youth model to investigate how longevity affects economic growth and welfare. Life expectancy is … steady state growth rate. Although the effect is small, even for large increases in longevity, welfare gains may be … ; endogenous longevity ; healthcare expenditures ; healthcare technology ; quality-quantity trade-off …
Persistent link: https://www.econbiz.de/10008760469
approximately 1.5%. At a more general level, our study suggests that welfare improvements from longevity increases may be lower than …
Persistent link: https://www.econbiz.de/10011611936
Welfare aspects of longevity increases are often discussed neglecting the complex relationship between longevity and … OLG-framework to investigate how longevity affects economic growth and welfare. In our model, life expectancy is … dominates and may even lead to overall welfare losses from longevity increases. We interpret our results with respect to real …
Persistent link: https://www.econbiz.de/10010337884
We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the general equilibrium of the economy and study the impact...
Persistent link: https://www.econbiz.de/10011781886
Persistent link: https://www.econbiz.de/10012223837
This paper investigates the link between health care expenditures and GDP for a sample of 21 OECD countries using recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that health care expenditures are not only determined by income....
Persistent link: https://www.econbiz.de/10002576731