Health investment, saving, and public policy

Zhang, J, Zhang, JS and Leung, MCM (2006) Health investment, saving, and public policy. Canadian Journal of Economics-revue Canadienne D Economique, 39 1: 68-93. doi:10.1111/j.0008-4085.2006.00339.x

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Author Zhang, J
Zhang, JS
Leung, MCM
Title Health investment, saving, and public policy
Journal name Canadian Journal of Economics-revue Canadienne D Economique   Check publisher's open access policy
ISSN 0008-4085
Publication date 2006
Sub-type Article (original research)
DOI 10.1111/j.0008-4085.2006.00339.x
Volume 39
Issue 1
Start page 68
End page 93
Total pages 26
Editor D. Benjamin
Place of publication Toronto
Publisher Univ Toronto Press Inc
Collection year 2006
Language eng
Subject C1
340208 Macroeconomics (incl. Monetary and Fiscal Theory)
340102 Macroeconomic Theory
720101 Fiscal policy
Abstract This paper develops an overlapping-generations model in which agents invest in health to prolong life in both working and retirement periods. It explores how unfunded social security with or without health subsidies affects life expectancy, economic growth, and welfare. In particular, by extending life at a possible cost of capital accumulation, health subsidies and a pay-as-you-go pension can improve welfare, especially in the short run.
Keyword Economics
Capital Accumulation
Endogenous Growth
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2007 Higher Education Research Data Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 10 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 12 times in Scopus Article | Citations
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Created: Wed, 15 Aug 2007, 08:22:12 EST