Westerhout, Ed W. M. T. - In: CESifo economic studies : CESifo, a joint initiative of … 52 (2006) 1, pp. 1-31
A popular view is that ageing populations increase health expenditure to GDP ratios because health expenditure correlates positively with age and because the concomitant shrinking of the labour force depresses GDP. The resulting increase in transfers from the young to the old then calls for a...
