Growth and welfare effects of health care in knowledge-based economies

Michael Kuhn, Klaus Prettner

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

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.
OriginalspracheEnglisch
Seiten (von - bis)100 - 119
FachzeitschriftJournal of Health Economics
Jahrgang46
DOIs
PublikationsstatusVeröffentlicht - 2016

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