Studies on the effect of ageing on health care expenditures (HCE) have revealed the importance of controlling for time-to-death (TTD). These studies, however, are subject to possible endogeneity if HCE influences remaining life expectancy. This paper introduces a ten year observational period on...

Medical care at the end of life, estimated to contribute up to a quarter of US health care spending, often encounters skepticism from payers and policy makers who question its high cost and often minimal health benefits. It seems generally agreed upon that medical resources are being wasted on...

The authors present a generalized solution to Grossman’s model of health capital (1972), relaxing the widely used assumption that individuals can adjust their health stock instantaneously to an “optimal” level without adjustment costs. The Grossman model then predicts the existence of a...

This study examines the relationship between pharmaceutical R&D and health care expenditures, distinguishing between the short- and long-run impacts. To measure these relationships quantitatively, we focus on patents as a key factor driving the costs of pharmaceuticals, and develop a structured...

This paper investigates the links between health care expenditure statistics in Health Accounts (System of Health Accounts; SHA11 edition revised in 2017) and in National Accounts statistics; the latter are based on the universal and European guidelines on national accounts (System of National...

The autoregressive distributed lag estimation method is used in this study to investigate the impact of the business cycle on health expenditure in Nigeria between 1980 and 2020. In particular, the real Gross Domestic Product (GDP) growth rate, the unemployment rate, and the output gap are...

In the last year, the Consumer Prices Index (CPI) rose by 11.1% in the United Kingdom (UK), reaching the highest value of the last 40 years. The cost of food suffered an annual increase of 16.2%, which has disproportionally affected fruit and vegetables and has led to food insecurity currently...