Understanding Cross-country Differences in Health Status and Expenditures

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

Cahiers de recherche / Working Papers from Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics

Abstract: Using a general equilibrium heterogeneous agent model featuring health production, we quantify the relative contribution of price distortions in the health market, TFP and other health risks in explaining cross-country differences in health expenditure (as a share of GDP) and health status. Estimated parameters reveal a substantial price wedge that explains at most 20% of the difference in health spending (as a share of GDP) and 30% of the difference in health status between Europe and the U.S. We estimate a one percentage point negative impact on the life-time cost-of-living of Americans from higher prices due to inefficiencies.

Keywords: Health production; health status; heterogeneous agent model; price indices. (search for similar items in EconPapers)
JEL-codes: C51 D61 E21 I10 I32 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
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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Persistent link: https://EconPapers.repec.org/RePEc:rsi:creeic:2004

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