Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168249
Authors: 
Kuhn, Michael
Frankovic, Ivan
Wrzaczek, Stefan
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Macroeconomics D08-V3
Abstract: 
We study medical progress within an economy of overlapping generations subject to endogenous mortality. We characterize the individual optimum and the general equilibrium of the economy and study the impact of improvements in the effectiveness of health care. We find that general equilibrium effects dampen strongly the increase in health care usage following medical innovation and that an increase in savings offsets the negative impact on GDP per capita of a decline in the support ratio..
JEL: 
D91
I11
I12
I18
J11
J17
O31
O41
Document Type: 
Conference Paper

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