Health Risks, Health Technology, and Public Policy

健康风险、卫生技术和公共政策

基本信息

  • 批准号:
    1326781
  • 负责人:
  • 金额:
    $ 44.06万
  • 依托单位:
  • 依托单位国家:
    美国
  • 项目类别:
    Standard Grant
  • 财政年份:
    2013
  • 资助国家:
    美国
  • 起止时间:
    2013-09-01 至 2019-08-31
  • 项目状态:
    已结题

项目摘要

AbstractProposal No: SES - 1326781Institution: National Bureau of Economic Research Inc NSF Program: ECONOMICSPrincipal Investigator: Cole, HaroldTitle: Health Risks, Health Technology, and Public PolicyIn the U.S. as well as in other industrialized countries there has been a large secular increase in life expectancy. At the same time the share of income, measured as gross domestic product, devoted to expenditures on health-related goods has increased substantially, and the relative price of medical goods has been rising. This project develops a novel class of theoretical models to jointly explain these observations, and to study to what extent they are shaped by public policies. In the model individual health investments of households and research and development (R&D) choices of firms in the health sector jointly determine the long-run health distribution and the rate of technological progress in the health services sector. These factors in turn will shape long-run growth of incomes and welfare in society. This theoretical model, and with parameters informed by the data, is then used as artificial laboratory to evaluate the consequences of fundamental reforms in public social insurance programs, specifically the social security and Medicare programs in the U.S.A key novel feature of the model is the explicit endogenous treatment of technological progress in the health sector. According to the hypothesis advanced in this project changes in longevity lead to increased demand for health goods, which channels activity towards the medical sector. The resulting technological progress which is directed towards the medical sector yields new treatments and drugs, therefore stimulating demand for new health goods which in turn improve longevity. This core mechanism is embedded into a complete model of the macro economy in which individuals differ by age, income, health, and wealth, and make medical investment choices over the life cycle. These in turn determine their health and longevity. Household demand of health services induces R&D investments by health sector firms, which in turn determines the speed of technological progress in that sector. Part of the output from this project is the development of software that computes numerically the economic equilibrium emerging from the interaction of households and health production firms in this model with endogenous growth and rich household heterogeneity. To insure that the theoretical model delivers an accurate description of real-world household behavior on the micro household level the crucial parameters governing household earnings and health outcomes are estimated using household survey data containing information on individual labor incomes and health. The so empirically informed theoretical model is then put to use to answer three sets of applied and directly public policy relevant questions. First, it is evaluated whether the model provides a quantitatively accurate explanation for the three joint macroeconomic facts motivating the analysis: longer life expectancy, a rising health expenditure share and a larger relative price of medical goods. Second, it is used for the evaluation of different policy options (e.g. increasing taxes, reducing benefits, or delaying benefits) to keep Medicare and Social Security financially viable in an aging U.S. society. Finally, it is employed to study the impact of health care policies that limit the pricing of pre-existing health conditions by insurance companies and policies that mitigate the impact of changes in household health status on labor earnings.
建议编号:SE-1326781机构:国家经济研究局NSF计划:ECONOMICSPRIPAL调查员:科尔,哈罗德标题:健康风险,健康技术和公共政策在美国和其他工业化国家,预期寿命有了很大的长期增长。与此同时,以国内生产总值衡量的用于与健康有关的商品支出的收入份额大幅增加,医疗商品的相对价格一直在上涨。这个项目开发了一类新的理论模型来共同解释这些观察结果,并研究它们在多大程度上受到公共政策的影响。在该模型中,家庭的个人卫生投资和卫生部门企业的研发(R&A;D)选择共同决定了卫生服务部门的长期卫生分布和技术进步速度。这些因素反过来将塑造社会收入和福利的长期增长。这一理论模型和数据提供的参数,然后被用作人工实验室,以评估公共社会保险计划,特别是美国的社会保障和医疗保险计划根本性改革的后果。该模型的一个关键新颖特征是,对卫生部门的技术进步进行明确的内生处理。根据该项目提出的假设,寿命的变化会导致对保健品的需求增加,从而将活动引导到医疗部门。由此产生的针对医疗部门的技术进步产生了新的治疗方法和药物,因此刺激了对新保健品的需求,而新保健品反过来又提高了寿命。这一核心机制被嵌入到一个完整的宏观经济模型中,在这个模型中,个人根据年龄、收入、健康和财富的不同,在生命周期内做出医疗投资选择。这些反过来又决定了他们的健康和寿命。家庭对卫生服务的需求促使卫生部门企业进行研发投资,这反过来又决定了该部门技术进步的速度。该项目的部分成果是开发了软件,该软件以数字方式计算家庭和保健生产企业在内生增长和丰富的家庭异质性下的互动所产生的经济均衡。为了确保理论模型在微观家庭层面上准确描述真实世界的家庭行为,使用包含个人劳动收入和健康信息的家庭调查数据来估计控制家庭收入和健康结果的关键参数。在此基础上,运用实证分析的理论模型回答了三组与公共政策直接相关的应用问题。首先,评估该模型是否为激励分析的三个联合宏观经济因素提供了定量准确的解释:预期寿命延长、医疗支出份额上升和医疗商品的相对价格更高。其次,它用于评估不同的政策选择(例如,增加税收、减少福利或推迟福利),以保持联邦医疗保险和社会保障在美国老龄化社会中的财务可行性。最后,它被用来研究医疗保健政策的影响,这些政策限制保险公司对先前存在的健康状况的定价,以及减轻家庭健康状况变化对劳动收入的影响的政策。

项目成果

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Harold Cole其他文献

Federal Reserve Bank of Minneapolis Research Department Staff Report Figuring out the Impact of Hidden Savings on Optimal Unemployment Insurance *
明尼阿波利斯联邦储备银行研究部工作人员报告弄清楚隐藏储蓄对最佳失业保险的影响*
  • DOI:
  • 发表时间:
  • 期刊:
  • 影响因子:
    0
  • 作者:
    N. Kocherlakota;Harold Cole;Russell Cooper;Barbara Mccutcheon;Chris Phelan;I. Werning
  • 通讯作者:
    I. Werning
Federal Reserve Bank of New York Staff Reports Geographical Reallocation and Unemployment during the Great Recession: the Role of the Housing Bust Geographical Reallocation and Unemployment during the Great Recession: the Role of the Housing Bust
纽约联邦储备银行工作人员报告大衰退期间的地理重新分配和失业:房地产泡沫破裂的作用 大衰退期间的地理重新分配和失业:房地产泡沫破裂的作用
  • DOI:
  • 发表时间:
  • 期刊:
  • 影响因子:
    0
  • 作者:
    Fatih Karahan;Serena Rhee;Harold Cole;Greg Kaplan;Donghoon Lee;Kurt Mitman;Serdar Ozkan;Ayşegül Şahi̇n
  • 通讯作者:
    Ayşegül Şahi̇n
Measuring the Coworker Effects on Wages ∗
衡量同事对工资的影响*
  • DOI:
  • 发表时间:
    2020
  • 期刊:
  • 影响因子:
    0
  • 作者:
    Jianhong Xin;Saturday;th January;I. Manovskii;Marcus Hagedorn;Dirk Krueger;Harold Cole;Jos´e;Andrew Postlewaite;Xu Cheng;Guillermo Ordonez
  • 通讯作者:
    Guillermo Ordonez

Harold Cole的其他文献

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{{ truncateString('Harold Cole', 18)}}的其他基金

Sovereign Debt Auctions: Theory and Empirics
主权债务拍卖:理论与经验
  • 批准号:
    1851707
  • 财政年份:
    2019
  • 资助金额:
    $ 44.06万
  • 项目类别:
    Standard Grant
Re-examining the Roles of Beliefs and Information in Sovereign Debt Crises
重新审视信仰和信息在主权债务危机中的作用
  • 批准号:
    1726976
  • 财政年份:
    2017
  • 资助金额:
    $ 44.06万
  • 项目类别:
    Standard Grant
The Dynamics of Optimal Capital Structure and Compensation
最优资本结构与补偿的动态
  • 批准号:
    0617109
  • 财政年份:
    2006
  • 资助金额:
    $ 44.06万
  • 项目类别:
    Continuing Grant
Macroeconomic Effects of Labor and Industrial Policies
劳工和产业政策的宏观经济影响
  • 批准号:
    0137421
  • 财政年份:
    2002
  • 资助金额:
    $ 44.06万
  • 项目类别:
    Continuing Grant

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