Understanding Cross-country Differences in Health Status and Expenditures

Raquel Fonseca (), Francois Langot, Pierre-Carl Michaud and Thepthida Sopraseuth

No 26876, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, U.S. health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more than half of the difference in health status between Europe and the U.S. Despite its large impact at the aggregate level, these price differences increase the lifetime cost of living of Americans by two percentage points.

JEL-codes: E21 H51 I10 (search for similar items in EconPapers)
Date: 2020-03
New Economics Papers: this item is included in nep-dge, nep-hea and nep-mac
Note: AG
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Understanding Cross-Country Differences In Health Status And Expenditures (2022)
Working Paper: Understanding Cross-Country Differences in Health Status and Expenditures (2020)
Working Paper: Understanding Cross-country Differences in Health Status and Expenditures (2020)
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