抄録
We extend the Grossman health capital model by relaxing the exogenous health depreciation rate to model the direct and indirect channels through which people improve their health through health investment. We confirm that the marginal cost of health supply decreases when the depreciation rate is an endogenous function of health investment and that the marginally reduced cost is greater for people in later life stages. We also find that the indirect channel- depreciation rate reduction-is more effective for people in good health; however, the direct channel-the classical Grossman model-is more powerful for those in poor health. Our findings provide a more comprehensive view of the procedure for optimal health determination.
| 元の言語 | English |
|---|---|
| ページ（範囲） | 2405-2412 |
| ページ数 | 8 |
| ジャーナル | Economics Bulletin |
| 巻 | 36 |
| 発行部数 | 4 |
| 出版物ステータス | Published - 2016 |
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ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
これを引用
A revisit to the grossman model with endogenous health depreciation. / Fu, Rong; Noguchi, Haruko; Suga, Koichi.
：: Economics Bulletin, 巻 36, 番号 4, 2016, p. 2405-2412.研究成果: Article
}
TY - JOUR
T1 - A revisit to the grossman model with endogenous health depreciation
AU - Fu, Rong
AU - Noguchi, Haruko
AU - Suga, Koichi
PY - 2016
Y1 - 2016
N2 - We extend the Grossman health capital model by relaxing the exogenous health depreciation rate to model the direct and indirect channels through which people improve their health through health investment. We confirm that the marginal cost of health supply decreases when the depreciation rate is an endogenous function of health investment and that the marginally reduced cost is greater for people in later life stages. We also find that the indirect channel- depreciation rate reduction-is more effective for people in good health; however, the direct channel-the classical Grossman model-is more powerful for those in poor health. Our findings provide a more comprehensive view of the procedure for optimal health determination.
AB - We extend the Grossman health capital model by relaxing the exogenous health depreciation rate to model the direct and indirect channels through which people improve their health through health investment. We confirm that the marginal cost of health supply decreases when the depreciation rate is an endogenous function of health investment and that the marginally reduced cost is greater for people in later life stages. We also find that the indirect channel- depreciation rate reduction-is more effective for people in good health; however, the direct channel-the classical Grossman model-is more powerful for those in poor health. Our findings provide a more comprehensive view of the procedure for optimal health determination.
UR - http://www.scopus.com/inward/record.url?scp=85007473727&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85007473727&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85007473727
VL - 36
SP - 2405
EP - 2412
JO - Economics Bulletin
JF - Economics Bulletin
SN - 1545-2921
IS - 4
ER -