ArticleJournal of the European Economic Association2021
Accounting for the Rise of Health Spending and Longevity.
Article in Journal of the European Economic Association, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 9 papers.
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Who cites it
9 citing papers in PubMed.
- Human-capital formation: The importance of endogenous longevity.European economic review · 2026Article
- Income and Health Care Consumption: Evidence From Mortgage Payment Shocks.Health economics · 2025Article
- Restoring life expectancy in low-income countries: the combined impact of COVID-19, health expenditure, GDP, and child mortality.BMC public health · 2025Article
- Signifying the Relationship Between Psychological Factors and Turnover Intension: The Mediating Role of Work-Related Stress and Moderating Role of Job Satisfaction.Frontiers in psychology · 2022Article
- Macro-level efficiency of health expenditure: Estimates for 15 major economies.Social science & medicine (1982) · 2021Article
- Article
- A health production model with endogenous retirement.Health economics · 2013Article
- Health Inequalities through the Lens of Health Capital Theory: Issues, Solutions, and Future Directions.Research on economic inequality · 2013Article
- Disease prevalence, disease incidence, and mortality in the United States and in England.Demography · 2010Article
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4 authors.
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Abstract
We estimate a stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and longevity in the U.S. over the period 1965-2005. Accounting for changes over time in taxes, transfers, Social Security, income, health insurance, smoking and obesity, and technological progress, we estimate that technological progress is responsible for half of the increase in life expectancy over the period. Substantial growth in health spending over the period is largely the result of growth in economic resources and the generosity of health insurance, with a modest role for medical technological progress. The growth in spending does not come from changes in a single source, but sources jointly interacted to increase spending: complementarity effects explain up to 26.3% of the increase in health spending. Overall, for those born in 1940, the combined changes in resources and health insurance that occurred over the period are valued at 35.7% of lifetime consumption.
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