Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168288
Authors: 
Böhm, Sebastian
Grossmann, Volker
Strulik, Holger
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Pensions and Savings I C01-V2
Abstract: 
We investigate the future of human longevity, morbidity and health costs in a novel, multi-period OLG model with endogenous medical R&D and endogenous survival. Our calibrated model implies substantial future increases in longevity that are associated with both reductions in morbidity and a rising health expenditure share in GDP. Extending health care rationing has potentially sizable effects on morbidity and longevity, with dramatic welfare losses particularly for future generations.
JEL: 
H50
Document Type: 
Conference Paper
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