Health status over the life cycle
R. van Ooijen,
R. Alessi and
Health, Econometrics and Data Group (HEDG) Working Papers from HEDG, c/o Department of Economics, University of York
We construct a health measurement model which combines panel data on self-reported health with a rich set of health measures from administrative medical records. Our estimated health model allows us to predict healthstatus for the population at large. We account both for unobserved heterogeneity and for the persistence in unobserved health shocks. To account for inconsistent reporting in self-reported health we propose a `corrected' health measure. We show that this `corrected' measure substantially increases the estimated persistence in health status. We use predicted health status to study the evolution of health as individuals age. Moreover, we analyzehow health interacts with economic variables and education. We find a strong gradient in education; the age at which health starts to decline at a greater rate differs by education and gender.
Keywords: self-reported health; administrative data; health dynamics; health index; socio-economic status (search for similar items in EconPapers)
JEL-codes: C42 I12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:yor:hectdg:15/21
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