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UNDERSTANDING CROSS-COUNTRY DIFFERENCES IN HEALTH STATUS AND EXPENDITURES

Abstract : Using a general equilibrium heterogeneous agent model featuring health production, we quantify the relative contribution of price distortions in the health market, TFP and other health risks in explaining cross-country differences in health expenditure (as a share of GDP) and health status. Estimated parameters reveal a substantial price wedge that explains at most 20% of the difference in health spending (as a share of GDP) and 30% of the difference in health status between Europe and the U.S. We estimate a one percentage point negative impact on the life-time cost-of-living of Americans from higher prices due to inefficiencies.
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Preprints, Working Papers, ...
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https://hal-cyu.archives-ouvertes.fr//hal-03679009
Contributor : Thepthida Sopraseuth Connect in order to contact the contributor
Submitted on : Wednesday, May 25, 2022 - 5:16:08 PM
Last modification on : Wednesday, June 1, 2022 - 3:51:28 AM

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  • HAL Id : hal-03679009, version 1

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Raquel Fonseca, François Langot, Pierre-Carl Michaud, Thepthida Sopraseuth. UNDERSTANDING CROSS-COUNTRY DIFFERENCES IN HEALTH STATUS AND EXPENDITURES. 2022. ⟨hal-03679009⟩

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