Aging Risk and Health Care Expenditure in Korea

Byongho Tchoe and Sang-Ho Nam
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Byongho Tchoe: Health Insurance Review & Assessment Service, Seocho-gu, Seocho-3 dong, Seoul 137-927, Korea
Sang-Ho Nam: Korea Institute for Health and Social Affairs, Eunpyong-gu, Bulkwang-dong, Seoul 122-705, Korea

IJERPH, 2010, vol. 7, issue 8, 1-20

Abstract: This paper analyzes the impact of population aging on health care expenditures in Korea. Examination of the age-expenditure profile reveals that health care resources are allocated more for the older cohort of population over time, suggesting significant growth of health care expenditures due to population aging. We contend, however, that population aging is considered as a parameter rather than an independent variable to explain rising health care expenditures. This paper shows that population aging is not found to be a significant determinant of health care expenditures according to the econometric analysis using OECD health data and time-series data for Korea. Using the components decomposition method, which measures the contribution of each component of health care expenditure, we estimate that population aging contributes only less than 10 percent.

Keywords: population aging; age-expenditure profile; components decomposition; panel regression; health care expenditure (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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