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The Future of Human Health, Longevity, and Health Costs

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  • Böhm, Sebastian
  • Grossmann, Volker
  • Strulik, Holger

Abstract

We investigate the future of human longevity, morbidity and health costs in a novel, multi-period OLG model with endogenous medical R&D and endogenous survival. Our calibrated model implies substantial future increases in longevity that are associated with both reductions in morbidity and a rising health expenditure share in GDP. Extending health care rationing has potentially sizable effects on morbidity and longevity, with dramatic welfare losses particularly for future generations.

Suggested Citation

  • Böhm, Sebastian & Grossmann, Volker & Strulik, Holger, 2017. "The Future of Human Health, Longevity, and Health Costs," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168288, Verein für Socialpolitik / German Economic Association.
  • Handle: RePEc:zbw:vfsc17:168288
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    File URL: https://www.econstor.eu/bitstream/10419/168288/1/VfS-2017-pid-3587.pdf
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    References listed on IDEAS

    as
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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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