mortality rises with age and a large share of HCE is caused by proximity to death. As a consequence, rising longevity - through … falling mortality rates - may even reduce HCE. However, a weakness of previous empirical studies is that they use cross … dynamic panel data models, we find that age, mortality rate and five-year survival rates have a positive impact on per …

due to the fact that mortality rises with age and a large share of HCE is caused by proximity to death. As a consequence …, rising longevity - through falling mortality rates - may even reduce HCE. However, a weakness of previous empirical studies … over the period 1997-2009. Using (dynamic) panel data models, we find that age, mortality and five-year survival rates have …