International projections of age specific healthcare consumption: 2015–2060

Carl N. Mason and Timothy Miller

The Journal of the Economics of Ageing, 2018, vol. 12, issue C, 202-217

Abstract: We construct a demographically informed model of age specific healthcare consumption for 36 countries of widely varying income and wealth, in the National Transfer Accounts project. We project healthcare consumption to 2060 using a modified Lee-Carter technique. In our modification, GDP per capita plays the role of time in explaining changes in the age-pattern of health consumption as countries become wealthier. We find that rising wealth mainly affects health consumption at older-ages.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:12:y:2018:i:c:p:202-217

DOI: 10.1016/j.jeoa.2017.04.003

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