Health status and health dynamics in an empirical model of expected longevity

Journal of Health Economics

Volumn 27, Issue 3, 2008, Pages 564-584

  Benítez Silva, Hugo ^a   Ni, Huan ^b  

^a STONY BROOK UNIVERSITY   (United States)

^b KENNESAW STATE UNIVERSITY   (United States)

Author keywords

Expected longevity; Health and Retirement Study; Health dynamics; Health status; Panel data

Indexed keywords

ASSESSMENT METHOD; HEALTH INSURANCE; HEALTH STATUS; LONGEVITY; MODELING; RETIREMENT;

ARTICLE; DATA ANALYSIS; DESCRIPTIVE RESEARCH; DYNAMICS; HEALTH DYNAMICS; HEALTH STATUS; INFORMATION; LONGEVITY; LONGITUDINAL STUDY; SELF REPORT;

CHRONIC DISEASE; DELIVERY OF HEALTH CARE; EMPIRICAL RESEARCH; FEMALE; HEALTH EXPENDITURES; HEALTH STATUS; HUMANS; LIFE EXPECTANCY; LONGEVITY; MALE; MODELS, ECONOMETRIC;

EID: 43749107914     PISSN: 01676296     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhealeco.2007.09.008     Document Type: Article

References (60)

1. Au D., Crossley T.F., and Martin S. The effect of health changes and long-term health on the work activity of older Canadians. Health Economics 14 (2005) 999-1018
2. Baker D., Hays R.D., and Brook R.H. Understanding changes in health status: is the floor phenomenon merely the last step of the staircase?. Medical Care 35 1 (1997) 1-15
3. Benítez-Silva H., and Dwyer D.S. The rationality of retirement expectations and the role of new information. The Review of Economics and Statistics 87 3 (2005) 587-592
4. Benítez-Silva H., and Dwyer D.S. Expectation formation of older married couples and the Rational Expectations Hypothesis. Labour Economics 13 2 (2006) 191-218
5. Benitez-Silva, H., Dwyer, D.S., Gayle, W.-R., Muench, T., 2007. Expectations in micro data: rationality revisited. Empirical Economics, doi:10.1007/s00181-007-0127-4, in press.
6. Benítez-Silva, H., Ni, H., 2007. Health Status and Health Dynamics in an Empirical Model of Expected Longevity. SUNY-Stony Brook Working Paper.
7. Bindman A.B., Keane D., and Lurie N. Measuring health changes among severely ill patients. The floor phenomenon. Medical Care 28 12 (1990) 1142-1152
8. Blau D.M., and Gilleskie D. The effect of health on employment transitions of older men. In: Polachek S.W. (Ed). Worker Wellbeing in a Changing Labor Market, Research in Labor Economics 20 (2001), Elsevier Science-JAI, The Netherlands 35-65
9. Burström B., and Fredlund P. Self-rated health: is it as good a predictor of subsequent mortality among adults in lower as well as in higher social classes?. Journal of Epidemiology and Community Health 55 (2001) 836-840
10. Cohen J. A coefficient of agreement for nominal scales. Educational and Psychological Measurement 20 (1960) 37-46
11. Cropper M. Health, investment in health, and occupational choice. Journal of Political Economy 85 6 (1977) 1273-1294
12. Deaton A. The Analysis of Household Surveys (1997), Johns Hopkins University Press, Baltimore
13. Deeg D., van Zonneveld R., van der Maas P., and Habbema J. Medical and social predictors of longevity in the elderly: total predictive value and interdependence. Social Science and Medicine 29 11 (1989) 1271-1280
14. Ehrlich I. Uncertain lifetime, life protection, and the value of life saving. Journal of Health Economics 19 (2000) 341-367
15. Ehrlich I., and Becker G. Market insurance, self-insurance, and self-protection. Journal of Political Economy 80 (1972) 623-648
16. Ehrlich I., and Chuma H. A model of the demand for longevity and the value of life extension. Journal of Political Economy 98 4 (1990) 761-782
17. Ehrlich I., and Yin Y. Explaining diversities in age-specific life expectancies and values of life saving: a numerical analysis. Journal of Risk and Uncertainty 31 2 (2005) 129-162
18. Epstein R.S. Responsiveness in quality-of-life assessment: nomenclature, determinants, and clinical applications. Medical Care 38 9 (2000) II-91-II-94
19. Erickson P. Assessment of the evaluative properties of health status instruments. Medical Care 38 9 (2000) II-95-II-99
20. Eriksson I., Undén A.-L., and Elofsson S. Self-rated health. Comparisons between three different measures. Results from a population study. International Journal of Epidemiology 30 2 (2001) 326-333
21. Ferraro, K.F., Kelley-Moore, J., 2001. Self-rated health and mortality among Black and White adults; examining the dynamic evaluation thesis. Journal of Gerontology: Social Science 56B (4), s195-s205.
22. Fleiss J. Statistical Methods for Rates and Proportions. 2nd ed. (1981), John Wiley and Sons Ltd., New York
23. Gold M., Franks P., and Erickson P. Assessing the health of a nation: the predictive validity of a preference-based measure and self-rated health. Medical Care 34 2 (1996) 163-177
24. Groot W. Adaptation and scale of reference bias in self-assessments of quality of life. Journal of Health Economics 19 3 (2000) 403-420
25. Grossman M. On the concept of health capital and demand for health. Journal of Political Economy 80 (1972) 223-255
26. Grossman M. On optimal length of life. Journal of Health Economics 17 (1998) 499-509
27. Grossman, M., 2000. The human capital model. In: Culyer, A., Newhouse, J. (Eds.), Handbook of Health Economics, vol. 1. Elsevier Science, The Netherlands, pp. 347-408.
28. Guyatt G.H., Deyo R.A., Charlson M., Levine M.N., and Mitchell A. Responsiveness and validity in health status measurement: a clarification. Journal of Clinical Epidemiology 42 5 (1989) 403-408
29. Hamermesh D.S. Expectation, life expectancy and economic behavior. Quarterly Journal of Economics 100 2 (1985) 389-408
30. Hausman J.A., and Taylor W.E. Panel data and unobservable individual effects. Econometrica 49 6 (1981) 1377-1398
31. Hays R.D., and Hadorn D. Responsiveness to change: an aspect of validity, not a separate dimension. Quality of Life Research 1 1 (1992) 73-75
32. Heckman J.J. Sample selection bias as a specification error. Econometrica 47 1 (1979) 153-161
33. Hill D., Perry M., and Willis R.J. Estimating Knightian Uncertainty from Survival Probability Questions on the HRS (2005), University of Michigan, manuscript
34. Hsiao C. Analysis of Panel Data. Econometric Society Monographs (1986), Cambridge University Press
35. Hurd, M., Mcfadden, D., Merrill, A., 1999. Predictors of Mortality Among the Elderly. NBER Working Paper No. 7440.
36. Hurd M., and McGarry K. Evaluation of the subjective probabilities of survival in the Health and Retirement Study. Journal of Human Resources 30S (1995) S7-S56
37. Hurd M., and McGarry K. The predictive validity of subjective probabilities of survival. The Economic Journal 112 482 (2002) 966-985
38. Idler E.L., and Benyamini Y. Self-rate health and mortality: a review of twenty-seven community studies. Journal of Health and Social Behavior 38 1 (1997) 21-37
39. Kerkhofs M., and Lindeboom M. Subjective health measures and state dependent reporting errors. Health Economics 4 (1995) 221-235
40. Lee Y. The predictive value of self assessed general, physical, and mental health on functional decline and mortality in older adults. Journal of Epidemiology and Community Health 54 (2000) 123-129
41. Liang M. Longitudinal construct validity: establishment of clinical meaning in patient evaluative instruments. Medical Care 38 9 (2000) II-84-II-90
42. Liljas B. The demand for health with uncertainty and insurance. Journal of Health Economics 17 (1998) 153-170
43. Lindeboom M., and van Doorslaer E. Cut-point shift and index shift in self-reported health. Journal of Health Economics 23 (2004) 1083-1099
44. Malinvaud E. Statistical Methods of Econometrics (1966), RAND McNally and Company, Chicago
45. McGarry K. Health and retirement: do changes in health affect retirement expectations?. Journal of Human Resources 39 3 (2004) 624-648
46. Mete C. Predictors of elderly mortality: health status, socioeconomic characteristics and social determinants of health. Health Economics 14 (2005) 135-148
47. Miilunpalo S., Vuori I., Oja P., Pasanen M., and Urponen H. Self-rated health status as a health measure: the predictive value of self-reported health status on the use of physician services and on mortality in the working-age population. Journal of Clinical Epidemiology 50 5 (1997) 517-528
48. Mossey J., and Shapiro E. Self rated health: a predictor of mortality among the elderly. American Journal of Public Health 72 8 (1982) 800-808
49. Norman G. Hi! how are you? Response shift, implicit theories and differing epistemologies. Quality of Life Research 12 (2003) 239-249
50. Patrick D.L., and Chiang Y.-P. Measurement of health outcomes in treatment effectiveness evaluations. Medical Care 38 9 (2000) II-14-II-25
51. Portrait F., Alessie R., and Deeg D. Disentangling the Age, Period, and Cohort Effects Using a Modeling Approach: An Application to Trends in Functional Limitations at Older Ages (2004), Utrecht University, manuscript
52. Ried W. Comparative dynamic analysis of the full Grossman model. Journal of Health Economics 17 (1998) 383-425
53. Ross M. Relation of implicit theories to the construction of personal histories. Psychological Review 96 2 (1989) 341-357
54. Sharma R., Stano M., and Haas M. Adjusting to changes in health: implications for cost-effectiveness analysis. Journal of Health Economics 23 (2004) 335-351
55. Siegel M., Bradley E.H., and Kasl S.V. Self-rated life expectancy as a predictor of mortality: evidence from the HRS and AHEAD surveys. Gerontology 49 4 (2003) 265-271
56. Smith V.K., Taylor D.H., and Sloan F.A. Longevity expectations and death: can people predict their own demise?. American Economic Review 91 4 (2001) 1126-1134
57. Terwee C.B., Dekker F.W., Wiersinga W.M., Prummel M.F., and Bossuyt P.M.M. On assessing responsiveness of health-related quality of life instruments: guidelines for instrument validation. Quality of Life Research 12 4 (2003) 349-362
58. Testa M.A., and Simonson D.C. Assessment of quality-of-life outcomes. New England Journal of Medicine 334 13 (1996) 835-840
59. van Doorslaer E., and Jones A. Inequalities in self-reported health: validation of a new approach to measurement. Journal of Health Economics 22 1 (2003) 61-87
60. Wallace R.B., and Herzog A.R. Overview of health measures in the Health and Retirement Survey. Journal of Human Resources 30(S) (1995) S84-S107