Does parents’ valuation of children’s health mimic their valuation of own health?

Autor:	Mark D. Agee, Thomas D. Crocker
Rok vydání:	2007
Předmět:	Economics and Econometrics Actuarial science business.industry Health valuation Child health Environmental health Health care General health business Latent variable model Psychology Demography Valuation (finance) Social policy
Zdroj:	Journal of Population Economics. 21:231-249
ISSN:	1432-1475 0933-1433
DOI:	10.1007/s00148-007-0159-2
Popis:	A single latent variable model of health status and therapeutic health care utilization is estimated for parents and own children of 6,557 US households. The equation system that identifies latent health status simultaneously determines a number of indicators of general health, including presence of morbidity symptoms, mobility limitations, medication needs, and utilization of therapeutic health care services. The main goal of the paper was to obtain an unbiased estimate of parents’ marginal substitution rate between own and child health. Results indicate that parents’ valuation of their children’s health exceeds their valuation of own health by almost twofold on average.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c7871540a4315a3479820815b28e2a8e https://doi.org/10.1007/s00148-007-0159-2 Zobrazit plný text záznamu Full text from SpringerLink