Economics at your fingertips  

The Economic Consequences of Hospital Admissions

Carlos Dobkin, Amy Finkelstein, Raymond Kluender and Matthew J. Notowidigdo

American Economic Review, 2018, vol. 108, issue 2, 308-52

Abstract: We use an event study approach to examine the economic consequences of hospital admissions for adults in two datasets: survey data from the Health and Retirement Study, and hospitalization data linked to credit reports. For non-elderly adults with health insurance, hospital admissions increase out-of-pocket medical spending, unpaid medical bills, and bankruptcy, and reduce earnings, income, access to credit, and consumer borrowing. The earnings decline is substantial compared to the out-of-pocket spending increase, and is minimally insured prior to age-eligibility for Social Security Retirement Income. Relative to the insured non-elderly, the uninsured non-elderly experience much larger increases in unpaid medical bills and bankruptcy rates following a hospital admission. Hospital admissions trigger fewer than 5 percent of all bankruptcies in our sample.

JEL-codes: D14 G22 I11 I13 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/aer.20161038
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) (application/zip) (application/pdf) ... PFYKR0CGUQr5he4zIkkA (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

American Economic Review is currently edited by Pinelopi Koujianou Goldberg

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Series data maintained by Jane Voros ().

Page updated 2018-02-17
Handle: RePEc:aea:aecrev:v:108:y:2018:i:2:p:308-52