Chapter in an edited book (author)
香港中文大学研究人员 ( 现职)
| 梁志明博士 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1142/9789812814425_0004 |
引用次数
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/0Scopus source URL
其它资讯
摘要We study the endogenous relationship between health care, life expectancy and output in a neoclassical growth model. While health care competes resources away from goods production, it prolongs life expectancy which, in turn, leads to higher capital accumulation through a private annuity market. We show that savings and health care are complements in equilibrium, with both rising with economic development. Our model is therefore consistent with several stylized facts, namely: (i) countries spend more on health care as they prosper, (ii) individuals in rich countries tend to live longer, and (iii) population aging is more pronounced in rich countries. Moreover, via the longevity-enhancing channel, health care and health production technology are found by simulation to be growth- and welfare-promoting.
着者Leung M.C.M., Wang Y.
编辑ed. by Gordon G Liu (Peking University, China), Shufang Zhang (Harvard University, USA), & Zongyi Zhang (Chongqing University, China), .
详细描述ed. by Gordon G Liu (Peking University, China), Shufang Zhang (Harvard University, USA), & Zongyi Zhang (Chongqing University, China), .
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/01http://aims.cuhk.edu.hk/converis/portal/Publication/0
月份1
日期1
页次65 - 84
国际标準书号9789812814425
语言英式英语
关键词Economic growth, Health care, Life expectancy, Population aging
