A double-hurdle model of healthcare expenditures across income quintiles and family size: New insights from a household survey
| Autor: | Ahmad Reshad Osmani, Albert A. Okunade |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
050204 development studies
Health capital Household survey C50 Dummy variable 0502 economics and business Health care Economics ddc:330 D13 double hurdle model Endogeneity 050207 economics Consumption (economics) I15 health capital business.industry I12 05 social sciences Regression analysis Shock (economics) HD61 HG1-9999 Demographic economics Risk in industry. Risk management elasticity household health expenditure household-head gender business Finance |
| Zdroj: | Journal of Risk and Financial Management Volume 14 Issue 6 Journal of Risk and Financial Management, Vol 14, Iss 246, p 246 (2021) |
| Popis: | The decision-making processes and outcomes of male and female household heads differ due to gender-based differences in preferences. In this paper, we assess the impact of this heterogeneity on household healthcare consumption in Thailand. Past studies modeling healthcare expenditures using household survey data used a gender dummy variable in regression models to control for household gender headship at the household level. Due to the endogeneity and self-selection bias in the past modelling approach, we separately modeled health expenditures for male and female household head decision makers. Using a household dataset from an earlier work, this study finds, using the double-hurdle model with dependent errors, that out-of-pocket health care spending tends to behave like a necessity across the income quintiles, household sizes, and differently for the separately modeled household gender heads. Moreover, male and female headed households responded differently to a major economic shock when adjusting household healthcare spending. |
| Databáze: | OpenAIRE |
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