Do red herrings swim in circles? Controlling for the endogeneity of time to death

被引：52

作者：

Felder, Stefan ^{[1
]}

Werblow, Andreas ^{[2
]}

Zweifel, Peter ^{[3
]}

机构：

[1] Duisburg Essen Univ, D-45117 Essen, Germany

[2] Tech Univ Dresden, Fac Business & Econ, D-01062 Dresden, Germany

[3] Univ Zurich, Socioecon Inst, CH-8032 Zurich, Switzerland

来源：

JOURNAL OF HEALTH ECONOMICS | 2010年 / 29卷 / 02期

关键词：

Health care expenditure; Proximity to death; Ageing; 'Red herring' hypothesis; HEALTH-CARE EXPENDITURE; LIFE;

D O I：

10.1016/j.jhealeco.2009.11.014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Studies on the effect of ageing on health care expenditure (HCE) have revealed the importance of controlling for time-to-death (TTD). These studies, however, are subject to possible endogeneity if HCE influences the remaining life expectancy. This paper introduces a 10-year observation period on monthly HCE, socioeconomic characteristics and survivor status to first predict TTD and then use the predicted values as an instrument in the regression for HCE. While exogeneity of TTD has to be rejected, core results concerning the role of TTD rather than age as a determinant of HCE (the 'red herring' hypothesis) are confirmed. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：205 / 212

页数：8

共 22 条

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