Estimating health demand for an aging population: A flexible and robust bayesian joint model

TitleEstimating health demand for an aging population: A flexible and robust bayesian joint model
Publication TypeJournal Article
Year of Publication2015
AuthorsMukherji, A, Roychoudhury, S, Ghosh, P, Brown, S
JournalJournal of Applied Econometrics
KeywordsHealthcare, Public Policy
Abstract

We analyse two frequently used measures of the demand for health-hospital visits and out-of-pocket health care expenditure-which have been analysed separately in the existing literature. Given that these two measures of health demand are highly likely to be closely correlated, we propose a framework to jointly model hospital visits and out-of-pocket medical expenditure, which allows for the presence of nonlinear effects of covariates using splines to capture the effects of aging on health demand. The findings from our empirical analysis of the US Health and Retirement Survey indicate that the demand for health varies with age.

URLhttp://www.scopus.com/inward/record.url?eid=2-s2.0-84927935252andpartnerID=40andmd5=a897b45b1f3b7e3f81211af451723deb
DOI10.1002/jae.2463
Endnote Keywords

health Care Utilization/public policy/hospitalization

Endnote ID

999999

Citation Key6450