Growth and welfare effects of health care in knowledge-based economies
Michael Kuhn and
Klaus Prettner ()
Journal of Health Economics, 2016, vol. 46, issue C, 100-119
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.
Keywords: Endogenous growth; Mortality; Morbidity; Health care; Research and development (search for similar items in EconPapers)
JEL-codes: I15 I18 O11 O41 O43 (search for similar items in EconPapers)
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Working Paper: Growth and Welfare Effects of Health Care in Knowledge Based Economies (2013)
Working Paper: Growth and welfare e ffects of health care in knowledge based economies (2012)
Working Paper: Growth and Welfare Effects of Health Care in Knowledge Based Economies (2012)
Working Paper: Growth and welfare effects of health care in knowledge based economies (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhecon:v:46:y:2016:i:c:p:100-119
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