What does your medical expenditure do to your health? Researchers
often get significant negative sign on the relative coefficient in
the reduced form health production regression. The puzzling result
motivates this simple dynamic quantitative general equilibrium model
to study the relationships between health status, medical
expenditure and employment. The structural parameters are estimated
by an indirect inference procedure. This paper finds that the
simulated coefficient of medical expenditure in the health equation
is negative even though in the health evolution equation of the
structural model, medical expenditure only impacts the health in the
medical expenditure, employment, dynamics, indirect inference
In order to set up a list of libraries that you have access to,
you must first login
or sign up.
Then set up a personal list of libraries from your profile page by
clicking on your user name at the top right of any screen.