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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/24773

    Title: Economic growth and medicare funding systems
    Authors: Hau, Arthur;Jiang, Lily
    Contributors: 淡江大學經濟學系
    Date: 2005-01-01
    Issue Date: 2009-11-30 18:36:30 (UTC+8)
    Publisher: Western Economic Association International
    Abstract: This article compares the long-run effects of changes in health conditions, population growth, price of medical care, and Medicare indemnity rate on capital formation and medical expenditures under fully funded and pay-as-you-go Medicare. Surprisingly, it is found that population growth, rising medical prices, and increasingly adverse health conditions may or may not raise medical expenditures in the long run. Moreover, the directions of some of these effects under the pay-as-you-go Medicare system are reversed under the fully funded system. Finally, it is shown that fully funded Medicare results in higher steady-state capital than pay-as-you-go Medicare; however, the welfare effect of the former may or may not be higher than that of the latter in general. (JEL H550, E620)
    Relation: Contemporary Economic Policy 23(1), pp.17-27
    DOI: 10.1093/cep/byi002
    Appears in Collections:[經濟學系暨研究所] 期刊論文

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