EconPapers    
Economics at your fingertips  
 

Public and Private Expenditures on Health in a Growth Model

Joydeep Bhattacharya and Xue Qiao

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This paper introduces endogenous longevity in an otherwise standard overlapping generations model with capital. In the model, a young agent may increase the length of her old age by incurring investments in health funded from her wage income. Such private health investments are assumed to be more "productive" if accompanied by complementary tax-financed public health programs. The presence of such a complementary public input in private longevity is shown to expose the economy to aggregate endogenous fluctuations and even chaos, and such volatility is impossible in its absence. In particular, the model is capable of generating dramatic reversals in life expectancy as has been observed in many countries.

Keywords: chaos; longevity; public health (search for similar items in EconPapers)
JEL-codes: E10 J10 O10 O40 (search for similar items in EconPapers)
Date: 2005-06-01
New Economics Papers: this item is included in nep-hea and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (88)

Published in Journal of Economic Dynamics and Control, August 2007, vol. 31 no. 8, pp. 2519-2535

Downloads: (external link)
http://www2.econ.iastate.edu/papers/p1838-2005-06-01.pdf (application/pdf)

Related works:
Working Paper: Public and private expenditures on health in a growth model (2007) Downloads
Working Paper: Public and private expenditures on health in a growth model (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:12378

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2025-03-31
Handle: RePEc:isu:genres:12378