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...

Despite spending far more on medical care than any other nation and despite having seen a century of unparalleled improvement in population health and longevity, the United States has fallen behind many of its global counterparts and competitors in such health outcomes as overall life expectancy...

Entgegen der allgemeinen Annahme besteht das Hauptproblem bei der gerechten Verteilung von Gesundheitsleistungen nicht in einem Mangel an Geldmitteln, sondern es fehlt an Wissen - sowohl auf der Seite der Ärzte als auch der Patienten!

Welfare aspects of longevity increases are often discussed neglecting the complex relationship between longevity and economic growth, which is the focal point of another literature. Combining both perspectives, we develop an endogenous growth OLG-framework to investigate how longevity affects...