By: |
Gastón A. Giordana;
María Noel Pi Alperin |
Abstract: |
This paper simulates long-term trends in Luxembourg’s public expenditure on
healthcare and on long-term care. We combine population projections with
micro-simulations of individuals’ health status that account for their
demographic, socio-economic characteristics and their childhood circumstances.
Model equations estimated on data from the SHARE survey and from several
branches of Social Security provide a rich framework to study policy-relevant
applications. We simulate public expenditure on healthcare and long-term care
under different scenarios to evaluate the separate contributions of population
ageing, costs of producing health-related services, and the distribution of
health status across age cohorts. Results suggest that rising per capita
expenditure on healthcare will mostly result from production costs, while
rising expenditure on long-term care will mostly reflect population ageing. |
Keywords: |
Ageing, Dynamic micro-simulation, Healthcare, Health-related public expenditure, Health status, Long-term care, Luxembourg, SHARE. |
JEL: |
D3 H30 I10 I12 |
Date: |
2022–04 |
URL: |
http://d.repec.org/n?u=RePEc:bcl:bclwop:bclwp158&r= |