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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 expectancy, and the value of life. We set up a a life cycle...
Persistent link: https://www.econbiz.de/10011388100
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 …
Persistent link: https://www.econbiz.de/10011611936
We study the effect of ageing, defined an extra year of life, on health care utilisation. We disentangle the direct effect of ageing, from other alternative explanations such as the presence of comorbidities and endogenous time to death (TTD) that are argued to absorb the effect of ageing (...
Persistent link: https://www.econbiz.de/10012213113
We study the effect of ageing, defined an extra year of life, on health care utilisation. We disentangle the direct effect of ageing, from other alternative explanations such as the presence of comorbidities and endogenous time to death (TTD) that are argued to absorb the effect of ageing...
Persistent link: https://www.econbiz.de/10012219358
There exists a steady trend at which later born cohorts, at the same age, are healthier than earlier born cohorts. We show this trend by computing a health deficit index for a panel of 14 European Countries and six waves of the Survey of Health, Aging, and Retirement in Europe (SHARE). We find...
Persistent link: https://www.econbiz.de/10011898024
This report presents projections of mortality, family composition, health, care receipt, care provision, labour supply …
Persistent link: https://www.econbiz.de/10010367414
This paper discusses the relationship between medical innovations and ageing from a health economics perspective and surveys empirical evidence on medical R&D incentives, R&D costs of pharmaceuticals, and the cost-effectiveness of health innovations. Particular focus is on the endogeneity of...
Persistent link: https://www.econbiz.de/10012653346
Persistent link: https://www.econbiz.de/10013174938
geographic inequality in mortality for midlife Americans increased by about 70 percent from 1992 to 2016. This was not simply … the largest health gains during the last several decades. Nor was higher dispersion in mortality caused entirely by the …, state-level mortality has become increasingly correlated with state-level income; in 1992 income explained only 3 percent of …
Persistent link: https://www.econbiz.de/10012661996
. In this paper, we explore how access to the hospital and modern medicine affects mortality. We do so by leveraging a …-supported hospital reduced infant mortality by 10%, saving one life for every $20,000 (2017 dollars) spent. Effects were larger for Black … infants (16%) than for White infants (7%), implying a reduction in the Black-White infant mortality gap by one-third. We show …
Persistent link: https://www.econbiz.de/10013454014