| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w19856
|
| 来源ID | Working Paper 19856
|
| Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth - Will the GDP Share of Health Spending Keep Rising? |
| Isaac Ehrlich; Yong Yin
|
| 发表日期 | 2014-01-23
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | The apparently unrelenting growth in the GDP-share of health spending (SHS) has been a perennial issue of policy concern. Does an equilibrium limit exist? The issue has been left open in recent dynamic models which take income growth and population aging as given. We view these variables as endogenously determined within an overlapping-generations, human-capital-based endogenous-growth model, where a representative parent makes all life-cycle consumption and investment decisions and life and health protection are subject to diminishing returns. Our prototype model, allowing for both quantity and quality of life as desired goods, yields equilibrium upper bounds for SHS. Our calibrated simulations also account for observed trends in reproductive choices, population aging, life expectancy, and economic growth. The analysis offers new insights about factors that drive long-term trends in aging and health spending and establishes a direct relation between health investments at young age and the equilibrium, steady-state rate of economic growth. |
| 主题 | Health, Education, and Welfare
; Health
; Labor Economics
; Demography and Aging
; Labor Supply and Demand
; Development and Growth
; Growth and Productivity
|
| URL | https://www.nber.org/papers/w19856
|
| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577529
|
推荐引用方式
GB/T 7714 |
Isaac Ehrlich,Yong Yin. Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth - Will the GDP Share of Health Spending Keep Rising?. 2014.
|
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