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growth. We identify the moral-hazard effect in healthcare investments when annuity rates are conditioned on average mortality … equilibrium effects and macroeconomic repercussions associated with this moral-hazard effect. In a numerical simulation of our …
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mortality and morbidity, the latter being related to participation/productivity in the labor market. We show that, regardless of …
Persistent link: https://www.econbiz.de/10009624502
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...
Persistent link: https://www.econbiz.de/10010358148
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...
Persistent link: https://www.econbiz.de/10010338973
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...
Persistent link: https://www.econbiz.de/10009674951
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