Health Insurance, Liquidity and Growth
在内生增长模型中，引入私人健康保险会提高长期经济增长率，因为虽然总储蓄下降，但用于增长的流动性低的储蓄比例上升。
Within the context of an endogenous growth model, it is shown that in the presence of health risks which influence household income, the introduction of a private insurance company increases the long‐term economic growth rate. The introduction of such an institution has two effects on savings: a level effect and a composition effect. Although the presence of this risk‐reducing institution induces a decrease in the level of total savings, as suggested in earlier papers, the rate of illiquid savings, which contribute to growth, increases. JEL Classification E 1; G 2; O 1; O 4