Reply to: econometric issues in testing the age neutrality of health care expenditure
Peter Zweifel,
Stefan Felder and
Markus Meier
Health Economics, 2001, vol. 10, issue 7, 673-674
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.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:wly:hlthec:v:10:y:2001:i:7:p:673-674
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