Felder, Stefan:
Lebenserwartung, medizinischer Fortschritt und Gesundheitsausgaben: Theorie und Empirie
2006
In: Perspektiven der Wirtschaftspolitik, Heft 7, S. 49 - 73
Artikel/Aufsatz in Zeitschrift2006Wirtschaftswissenschaften
Titel:
Lebenserwartung, medizinischer Fortschritt und Gesundheitsausgaben: Theorie und Empirie
Autor(in):
Felder, StefanLSF
Erscheinungsjahr
2006
Erschienen in:
Titel:
Perspektiven der Wirtschaftspolitik
in:
Heft 7, S. 49 - 73

Abstract:

Ofer the past 50 years Germans have spent a rising share of their income on health and enjoyed substantially longer lives as a result. The rising health share can be explained by a standard economic model: As people get richer they purchase additional years of life and less additional consumption, provided that satiation occurs mor rapidly in non-health comsumption. The gains in life years incrasingly occur late in the lifespan. As a result the incremental cost-benefit ratio of health care deteriorates: marginal costs increase as the marginal productivity of medical inputs decreases in old age while marginal benefits decrease due to a rising hazard rate. On average, medical progress is worth it. Future income growth will further increase the health share, while population ageing will only marginally affect health care expenditures.