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• W2776686136 abstract "How much should society invest in medical care that extends the lives of the older generations? We derive a golden rule for the level of health care expenditures and find that the optimal level of life-extending health care expenditures should increase with rising productivity, increase with the retirement age, and also increase with the population growth rate if a higher growth rate lowers the ratio of retirees to working-age people sufficiently, while the effects of an improvement in medical technology are ambiguous. Moreover, we find that a market economy may be inefficient in terms of the provision of life-extending health care because an individual ignores the effect of his own longevity on the income of others." @default.
• W2776686136 created "2018-01-05" @default.
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• W2776686136 date "2018-01-03" @default.
• W2776686136 modified "2023-09-23" @default.
• W2776686136 title "THE GOLDEN RULE OF LONGEVITY" @default.
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• W2776686136 doi "https://doi.org/10.1017/s1365100516001371" @default.
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