Subjective health expectations

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dc.contributor.authorJung, Juergen
dc.contributor.authorHuynh, Kim P.
dc.contributor.departmentTowson University. Department of Economicsen_US
dc.date.accessioned2018-05-17T15:54:51Z
dc.date.available2018-05-17T15:54:51Z
dc.date.issued2010
dc.date.updated2014-05-09
dc.description.abstractSubjective health expectations are derived using data from the 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 70’s.en_US
dc.description.urihttps://ideas.repec.org/p/tow/wpaper/2010-08.htmlen_US
dc.formatapplication/pdf
dc.format.extent26 pagesen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/M2XD0R14N
dc.identifier.citationKim P. Huynh & Juergen Jung, 2010. "Subjective Health Expectations," Working Papers 2010-08, Towson University, Department of Economics, revised May 2014.en_US
dc.identifier.otherJEL: I10
dc.identifier.otherJEL: D84
dc.identifier.otherJEL: C11
dc.identifier.otherJEL: C23
dc.identifier.urihttp://hdl.handle.net/11603/10772
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;2010-08
dc.subjectFocal pointsen_US
dc.subjectBayesian updating of expectationsen_US
dc.subjectRational health expectationsen_US
dc.subjectWork limiting health problemsen_US
dc.titleSubjective health expectationsen_US
dc.typeTexten_US

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