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 provision of health care diverts labor from productive activities, it …

are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care …

demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the …We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals … general equilibrium of the economy and study the impact of improvements in the effectiveness of health care. We find that …

This paper provides a closed-form solution for the health capital model of health demand. The results are exploited in … model, the pure consumption model and a combination of both types of models. Given the plausible assumptions that (i) health … declines with age and that (ii) the health capital stock at death is lower than the health capital stock needed for eternal …

Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young … individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life … adaptation generally increases the value of life (by about 2 to 5 percent), its impact on health behavior and longevity depends …