English, Article, Journal or magazine article edition: Medical Expenditure Puzzle Xiaoshu Han

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Bookmark: http://trove.nla.gov.au/version/30171
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Medical Expenditure Puzzle
Author
  • Xiaoshu Han
Physical Description
  • preprint
Notes
  • 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 positive way
  • medical expenditure, employment, dynamics, indirect inference
  • RePEc:red:sed006:284
Language
  • English
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