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Age, Health and Medical Expenditure

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  • Jackson, William A.

Abstract

Ageing populations in developed countries have placed increasing demands on health care services and drawn attention to how age is related to medical expenditure. The effect of ageing on health involves a mixture of biological and social factors that ideally requires an interdisciplinary approach if it is to be properly understood. Expenditure decisions connected to age add further complexity by raising difficult ethical problems. The current paper aims to bring out the intricacy of the age-medical expenditure relation and highlight the biological, social and ethical background that has often been overlooked in the economic literature.

Suggested Citation

  • Jackson, William A., 2001. "Age, Health and Medical Expenditure," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 195-218.
    • Handle: RePEc:zbw:espost:261080
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    File URL: https://www.econstor.eu/bitstream/10419/261080/1/Age%2c%20Health%20and%20Medical%20Expenditure.pdf
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    References listed on IDEAS

    as
    1. William A. Jackson, 1998. "The Political Economy of Population Ageing," Books, Edward Elgar Publishing, number 765, December.
    2. Willis, Robert J, 1973. "A New Approach to the Economic Theory of Fertility Behavior," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 14-64, Part II, .
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    5. Kirsteen Smith & Ken Wright, 1994. "Informal care and economic appraisal: A discussion of possible methodological approaches," Health Economics, John Wiley & Sons, Ltd., vol. 3(3), pages 137-148, May.
    6. Mooney, Gavin H, 1978. "Planning for Balance of Care of the Elderly," Scottish Journal of Political Economy, Scottish Economic Society, vol. 25(2), pages 149-164, June.
    7. William Dugger, 1999. "Old Age is an Institution," Review of Social Economy, Taylor & Francis Journals, vol. 57(1), pages 84-98.
    8. Thomas I. Palley, 1998. "The Economics of Social Security: An Old Keynesian Perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 21(1), pages 93-110, September.
    9. John BROOME, 1992. "The Value of Living," Discussion Papers (REL - Recherches Economiques de Louvain) 1992021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    10. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1994. "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 73-94, Winter.
    11. L. Randall Wray, 1991. "Can the Social Security Trust Fund Contribute to Savings?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 13(2), pages 155-170, January.
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    Cited by:

    1. William Jackson, 2006. "Post-Fordism and Population Ageing," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(4), pages 449-467.

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    More about this item

    Keywords

    ageing; health; health care; ethics; medical expenditure;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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