Breyer, Friedrich; Lorenz, Normann; Niebel, Thomas - 2012
mortality rises with age and a large share of HCE is caused by proximity to death. As a consequence, rising longevity - through … falling mortality rates - may even reduce HCE. However, a weakness of previous empirical studies is that they use cross … dynamic panel data models, we find that age, mortality rate and five-year survival rates have a positive impact on per …