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mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011439652
mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011454352
We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals … demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the …
Persistent link: https://www.econbiz.de/10011781886
overlapping generations economy in which individuals purchase health care to lower mortality. We consider three sectors: final …
Persistent link: https://www.econbiz.de/10011813315
We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals … demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the …
Persistent link: https://www.econbiz.de/10011782326
overlapping generations economy in which individuals purchase health care to lower mortality. We consider three sectors: final …
Persistent link: https://www.econbiz.de/10011817929
Persistent link: https://www.econbiz.de/10009757276
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012195541
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012156427
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