A Golden Rule of Health Care

Marias H. Gestsson and Gylfi Zoega
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Marias H. Gestsson: Department of Economics, University of Iceland

No 1412, Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics

Abstract: We derive a golden rule for the level of health care expenditures and find that the optimal level of life-extending health care expenditures should increase with rising productivity and retirement age, while the effects of improvement in medical technology are ambiguous.

Keywords: Health care; golden rule; productivity. (search for similar items in EconPapers)
JEL-codes: E62 I12 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-age, nep-hea and nep-mac
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https://eprints.bbk.ac.uk/15291/1/15291.pdf First version, 2014 (application/pdf)

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