Subjective health expectations

TitleSubjective health expectations
Publication TypeJournal Article
Year of Publication2015
AuthorsHuynh, KP, Jung, J
JournalJournal of Policy Modeling
Volume37
Issue4
Pagination693-711
KeywordsEmployment and Labor Force, Expectations, Health Conditions and Status, Healthcare, Methodology, Other
Abstract

Subjective health expectations are derived using data from the U.S. Health and Retirement Study (HRS). We first use a Bayesian updating mechanism to correct for focal point responses and reporting errors of the original health expectations variable. We then test the quality of the health expectations measure and describe its correlation with various health indicators and other individual characteristics. Our results indicate that subjective health expectations do contain additional information that is not incorporated in subjective mortality expectations and that the rational expectations assumption cannot be rejected for subjective health expectations. Finally, the data suggest that individuals younger than 70 years of age seem to be more pessimistic about their health than individuals in their 70s. 2015 Society for Policy Modeling.

Notes

Export Date: 29 May 2015 Article in Press

DOI10.1016/j.jpolmod.2015.04.001
Endnote Keywords

Bayesian updating of expectations/Focal points/Rational health expectations/Work limiting health problems/Statistical analysis/expectations/health indicators/subjective Expectations

Endnote ID

999999

Citation Key8180