{"id":7953,"date":"2023-07-23T08:02:38","date_gmt":"2023-07-23T12:02:38","guid":{"rendered":"https:\/\/creei.ca\/accounting-for-the-rise-of-health-spending-and-longevity\/"},"modified":"2023-11-23T13:31:32","modified_gmt":"2023-11-23T18:31:32","slug":"accounting-rise-health-spending-and-longevity","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/accounting-rise-health-spending-and-longevity\/","title":{"rendered":"Accounting for the Rise of Health Spending and Longevity"},"content":{"rendered":"
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We estimate a life-cycle model of 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. We find that technological change (31%) and the increase in the generosity of health insurance (5%) on their own may explain 36% of the rise in health spending, while income explains 4%. By simultaneously occurring, these changes may have led to complementarity effects which explain an additional 59% increase. The estimates suggest that the sensitivity of health spending to income and to insurance is larger with co-occurring improvements in technology. Technological change (increased health-care productivity) explains almost all of the rise in life expectancy at age 25 over the period; welfare gains are substantial and 70% appear to be due to technological change.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Publication Authors: Raquel Fonseca, Pierre-Carl Michaud, Arie Kapteyn and Titus Galama<\/div>\n<\/div>\n
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Number: 18-06<\/div>\n<\/div>\n
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File: \"\" cahier_18_06_accounting_rise_health_spending_longevity.pdf<\/a><\/div>\n<\/div>\n
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Year: 2018<\/div>\n
*Scientific Publication: Journal of the European Economic Association. doi.org\/10.1093\/jeea\/jvaa003.<\/a><\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>
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