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