✦ LIBER ✦

Reply to: econometric issues in testing the age neutrality of health care expenditure

✍ Scribed by Peter Zweifel; Stefan Felder; Markus Meier

Publisher: John Wiley and Sons
Year: 2001
Tongue: English
Weight: 54 KB
Volume: 10
Category: Article
ISSN: 1057-9230
DOI: 10.1002/hec.637

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Salas and Raftery allege that in our paper, (1) remaining life expectancy is an endogenous explanatory variable of health care expenditure and (2) the parameter designed to correct for sample selection bias in fact represents a hidden relationship between health care expenditure and age. We argue that claim (1) is not supported by the available empirical evidence, while claim (2) seems to derive from a too cursory reading of our paper. Copyright © 2001 John Wiley & Sons, Ltd.

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