JEEA - Can Wealth Buy Health

Name: JEEA - Can Wealth Buy Health
Published: 2023-06-28
License: This work is licensed under an Other license created by the PSID, namely that you agree not to redistribute data or other materials without the written agreement of ICPSR, unless: 1. You serve as the OFFICIAL or DESIGNATED REPRESENTATIVE at an ICPSR MEMBER INSTITUTION and are assisting AUTHORIZED USERS with obtaining data, or 2. You are collaborating with other AUTHORIZED USERS to analyze the data for research or instructional purposes.

Principal Investigator(s): View help for Principal Investigator(s) Panos Margaris, Concordia University; Johanna Wallenius, Stockholm School of Economics

Version: View help for Version V1

Name	File Type	Size	Last Modified
J321728.zip	application/zip	3.5 MB	06/28/2023 03:46:AM

Project Citation:

Margaris, Panos, and Wallenius, Johanna. JEEA - Can Wealth Buy Health. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-06-28. https://doi.org/10.3886/E192382V1

Project Description

Summary:

In this paper, we develop a life cycle model that features pecuniary and non-pecuniary investments in health in order to rationalize the socioeconomic gradients in health and life expectancy in the United States. Agents accumulate health capital, which affects labor productivity, utility, the distribution of medical spending shocks, and life expectancy. We find that unequal health insurance coverage plays a negligible role in generating the observed gaps in health and longevity. Universal health insurance increases preventive medical spending but not time spent in health promoting activities, as individuals are no longer worried about avoiding high curative medical expenditure shocks due to increased health insurance coverage. Our findings suggest that differences in lifetime income, preferences and health shocks are the main determinants of inequality in life expectancy.

Scope of Project

Subject Terms: health care spending; health insurace reform; inequality

Geographic Coverage: USA

Time Period(s): 2001 – 2017

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V1 [2023-06-28]

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