Quotation Kuhn, Michael, Prettner, Klaus. 2016. Growth and welfare effects of health care in knowledge-based economies. Journal of Health Economics. 46 100-119.


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Abstract

We study the effects of labor intensive health care within a research and development (R&D) driven growth model with overlapping generations. Health care increases longevity, labor participation, and productivity, while it also diverts labor away from production and R&D. We examine under which conditions expanding health care enhances growth and welfare and establish mild conditions under which the provision of health care beyond the growth-maximizing level is Pareto superior.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Journal of Health Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-A, VW-A, WH-A
Language English
Title Growth and welfare effects of health care in knowledge-based economies
Volume 46
Year 2016
Page from 100
Page to 119
Reviewed? Y
URL https://www.sciencedirect.com/science/article/abs/pii/S0167629616000266
DOI https://doi.org/10.1016/j.jhealeco.2016.01.009
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Kuhn, Michael (Vienna Institute of Demography, Austria)
Organization
Department of Economics (Crespo Cuaresma) (Details)
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