Medical consumption over the life cycle: facts from a U.S. medical expenditure panel survey

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dc.contributor.authorJung, Juergen
dc.contributor.authorTran, Chung
dc.contributor.departmentTowson University. Department of Economicsen_US
dc.date.accessioned2018-05-16T21:21:11Z
dc.date.available2018-05-16T21:21:11Z
dc.date.issued2010
dc.date.updated2013-03-20
dc.description.abstractWe investigate the association between age and medical spending in the U.S. using data from the Medical Expenditure Panel Survey (MEPS). We estimate a partial linear seminonparametric model and construct “pure” life-cycle profiles of health spending simultaneously controlling for time effects (i.e. institutional changes and business cycles effects) and cohort effects (i.e. generation specific conditions). We find that time and cohort effects introduce a significant estimation bias into predictions of health expenditures per age group, especially for individuals older than 60 years. The estimation biases introduced by cohort effects increase monotonically with age while time effects are non-monotone. Overall, cohort effect biases dominate time effect biases in magnitude for high age groups.en_US
dc.description.urihttps://ideas.repec.org/p/tow/wpaper/2010-09.htmlen_US
dc.formatapplication/pdf
dc.format.extent30 pagesen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/M2319S55H
dc.identifier.citationJuergen Jung & Chung Tran, 2010. "Medical Consumption over the Life Cycle: Facts from a U.S. Medical Expenditure Panel Survey," Working Papers 2010-09, Towson University, Department of Economics, revised Mar 2013.en_US
dc.identifier.otherJEL: I10
dc.identifier.otherJEL: I11
dc.identifier.otherJEL: C14
dc.identifier.otherJEL: C23
dc.identifier.otherJEL: D12
dc.identifier.otherJEL: D91
dc.identifier.otherJEL: J10
dc.identifier.urihttp://hdl.handle.net/11603/10770
dc.language.isoen_USen_US
dc.publisherTowson University. Department of Economicsen_US
dc.relation.isAvailableAtTowson University
dc.relation.ispartofseriesTowson University Department of Economics Working Paper Series;2010-09
dc.subjectLife-cycle profilesen_US
dc.subjectTime effectsen_US
dc.subjectCohort effectsen_US
dc.subjectPartial linear seminonparametric modelsen_US
dc.subjectPseudo panelsen_US
dc.subjectMedical Expenditure Panel Survey (U.S.)en_US
dc.titleMedical consumption over the life cycle: facts from a U.S. medical expenditure panel surveyen_US
dc.typeTexten_US

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