Income and health spending: Evidence from oil price shocks

Review of Economics and Statistics

Volumn 95, Issue 4, 2013, Pages 1079-1095

  Acemoglu, Daron ^a   Finkelstein, Amy ^a   Notowidigdo, Matthew J ^b  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84885992678     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/REST_a_00306     Document Type: Review

References (42)

1. Abraham, Katherine, and John C. Haltiwanger, "RealWages and the Business Cycle," Journal of Economic Literature 33 (1995), 1215-1264.
2. Acemoglu, Daron, "Directed Technical Change," Review of Economic Studies 69 (2002), 781-810
3. Acemoglu, Daron, "Equilibrium Bias of Technology," Econometrica 75 (2007), 1371- 1410
4. Acemoglu, Daron, and Amy Finkelstein, "Input and Technology Choices in Regulated Industries: Evidence from the Health Care Sector," Journal of Political Economy, 116 (2008), 837-880
5. Acemoglu, Daron, and Joshua Linn, "Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry," Quarterly Journal of Economics 119 (2004), 1049-1090
6. Baumol, William J., "Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis," American Economic Review 57 (1967), 415-426.
7. Black, Dan, Terra McKinnish, and Seth Sanders, "The Economic Impact of the Coal Boom and Bust," Economic Journal 115 (2005), 449-476
8. Blanchard, Olivier J., and Lawrence F. Katz, "Regional Evolutions," Brookings Papers on Economic Activity 23 (1992), 1-76.
9. Blomqvist, A. G., and R. A. L. Carter, "Is Health Care Really a Luxury?" Journal of Health Economics 16 (1987), 207-229.
10. Buckley, Patrick D., "Essays in Applied Microeconomics: Signaling, Marriage Hazard Rates, and Ability Sorting," Ph.D. dissertation, MIT, (2003)
11. CMS. 2010. National Health Expenditures, http://www.cms.hhs.gov /NationalHealthExpendData/01_Overview.asp#TopOfPage.
12. Congressional Budget Office, Technological Change and the Growth of Health Spending (January, 2008), http://www.cbo.gov/ftpdocs /89xx/doc8947/01-31-TechHealth.pdf.
13. Cutler, David, "Technology, Health Costs, and the NIH," paper prepared for the National Institutes of Health Roundtable on the Economics of Biomedical Research, Cambridge, MA (1995)
14. Cutler, David, "Equality, Efficiency, and Market Fundamentals: The Dynamics of International Medical Care Reform," Journal of Economic Literature 40 (2002), 881-906
15. Cutler, David, and Ellen Meara, "Changes in the Age Distribution of Mortality over the 20th Century" (pp. 333-365), in David Wise, ed., Perspectives on the Economics of Aging (Chicago: University of Chicago Press, 2004).
16. Davis, Steven, and John Haltiwanger, "Sectoral Job Creation and Destruction Responses to Oil Price Changes," Journal of Monetary Economics 48 (2001), 465-512
17. Finkelstein, Amy, "Static and Dynamic Effects of Health Policy: Evidence from the Vaccine Industry," Quarterly Journal of Economics 19 (2004), 527-564
18. Finkelstein, Amy, "The Aggregate Effects of Health Insurance: Evidence from the Introduction of Medicare," Quarterly Journal of Economics 122 (2007), 1-37
19. Fogel, Robert, "Catching Up with the Economy," American Economic Review 89 (1999), 1-21
20. Fuchs, Victor, "Economics, Values, and Health Care Reform," American Economic Review 86 (1996), 1-24
21. Gerdtham, Ulf, and Bengt Jonsson, "International Comparisons of Health Expenditure: Theory, Data and Econometric Analysis" (pp. 12-53), in Anthony J. Culyer and Joseph P. Newhouse eds., Handbook of Health Economics (Amsterdam: Elsevier, 2000).
22. Gruber, Jonathan, "Medicaid" (pp. 15-77), in Robert Moffitt, ed., Means Tested Transfer Programs in the U.S. (Chicago: University of Chicago Press, 2003).
23. Hall, Robert, and Charles Jones, "The Value of Life and the Rise in Health Spending," Quarterly Journal of Economics 122 (2007), 39-72
24. Hamilton, James, "Understanding Crude Oil Prices," Energy Journal 30 (2009), 179-206
25. Kilian, Lutz, "The Economic Effects of Energy Price Shocks," Journal of Economic Literature 46 (2008), 871-909
26. Kline, Patrick, "Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry" (2008), http://emlab.berkeley.edu/ pkline/papers/oil.pdf.
27. Michaels, Guy, "The Long-Term Consequences of Resource Based Specialization," Economic Journal 121:551 (2007), 31-57
28. Moran, John, andKosali Simon, "Income and the Use of Prescription Drugs by the Elderly," Journal of Human Resources 41 (2006), 411-432
29. Murphy, Kevin M., and Robert H. Topel, "The Economic Value of Medical Research," in Kevin M. Murphy and Robert H. Topel, eds., Measuring the Gains from Medical Research: An Economic Approach (Chicago: University of Chicago Press, 2003).
30. Murphy, Kevin M., "The Value of Health and Longevity," Journal of Political Economy 114 (2006), 871-904.
31. Newhouse, Joseph P., "Medical Care Expenditures: A Cross-National Survey," Journal of Human Resources 12 (1977), 115-125.
32. Newhouse, Joseph P., "Medical Care Costs: How Much Welfare Loss?" Journal of Economic Perspectives, 6:3 (1992), 3-21.
33. Newhouse, Joseph P., and the Insurance Experiment Group, Free for All? Lessons from the RAND Health Insurance Experiment (Cambridge, MA: Harvard University Press, 1993).
34. Newhouse, Joseph P., and Charles Phelps, "New Estimates of Price and Income Elasticities for Medical Care Services" in Richard Rosett, ed., The Impact of Health Insurance on the Health Services Sector (New York: National Bureau of Economics Research, 1976).
35. Nordhaus, William D., "The Health of Nations: The Contributon of Improved Health to Living Standards," in Kevin M. Murphy and Robert H. Topel, eds., Measuring the Gains from Medical Research: An Economic Approach (Chicago: University of Chicago Press, 2003).
36. OECD, "OECD Health Data 2000" (2004), http://www.oecd.org/document /16/0,2340,en_2649_34631_2085200_1_1_1_1,00.html.
37. OECD, "ProjectingOECDHealth and Long-Term Care Expenditures: What Are the Drivers?"OECDEconomics Departmentworking paper 477 (2006), http://dx.doi.org/10.1787/736341548748. Oil and Gas Journal Data Book (Tulsa, OK: PennWell Books, 2000).
38. Siegal, Jacob S., Applied Demography: Applications to Business, Government, Law and Public Policy (Bingley, U.K.: Emerald Group Publishing, 2002).
39. Solon, Gary, Robert Barsky, and Jonathan Parker, "Measuring the Cyclicality of Real Wages: How Important Is the Composition Bias?" Quarterly Journal of Economics 109:1 (1994), 1-25
40. U.S. Census Bureau, Current Population Reports, Series 25, Population Estimates and Projections. Various states and years.
41. U.S. Census Bureau, Statistical Abstract of the United States: 2008, 127th ed. (Washington, DC, 2007) http://www.census.gov/compendia /statab.
42. Weisbrod, Burton, "The Health Care Quadrilemma: An Essay on Technological Change, Insurance, Quality of Care, and Cost Containment," Journal of Economic Literature 29 (1991), 523-552