HEALTH INVESTMENT OVER THE LIFE-CYCLE

We quantify what drives the rise in medical expenditures over the life-cycle using a stochastic dynamic overlapping generations model of health investment. Three motives for health investment are considered. First, health delivers a flow of utility each period (the consumption motive). Second, bette...

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Bibliographic Details
Published inMacroeconomic dynamics Vol. 23; no. 1; pp. 178 - 215
Main Authors Halliday, Timothy J, He, Hui, Lei Ning, Zhang, Hao
Format Journal Article
LanguageEnglish
Published Cambridge Cambridge University Press 01.01.2019
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