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- W2917019760 abstract "We investigate whether an aggregate health production function can help to explain the annual time-series behavior of U.S. longevity since 1960. We view longevity as the output of the health production function, and output fluctuations as the consequence of fluctuations in medical inputs (expenditure) and technology. The empirical analysis provides support for the hypothesis that both medical innovation (in the form of new drug approvals) and public health expenditure contributed to longevity increase during the period 1960–2001. The estimates imply that the public health expenditure needed to gain one life-year is about US$ 9640, and that the pharmaceutical R&D expenditure needed to gain one life-year is about US$ 926." @default.
- W2917019760 created "2019-03-02" @default.
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- W2917019760 date "2004-07-01" @default.
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- W2917019760 title "Sources of U.S. longevity increase, 1960–2001" @default.
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- W2917019760 doi "https://doi.org/10.1016/j.qref.2004.05.005" @default.
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