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Replication data for: Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence

Version
V0
Resource Type
Dataset
Creator
  • Fang, Hanming
  • Gavazza, Alessandro
Publication Date
2011-12-01
Description
  • Abstract

    We investigate the effects of the institutional settings of the US health care system on individuals' life-cycle medical expenditures. Health is a form of general human capital; labor turnover and labor-market frictions prevent an employer-employee pair from capturing the entire surplus from investment in an employee's health. Thus, the pair underinvests in health during working years, thereby increasing medical expenditures during retirement. We provide empirical evidence consistent with the comparative statics predictions of our model using the Medical Expenditure Panel Survey (MEPS) and the Health and Retirement Study (HRS). Our estimates suggest significant inefficiencies in health investment in the United States. (JEL D14, D91, G22, I11, J32)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.101.7.3047 (Text)
Publications
  • Fang, Hanming, and Alessandro Gavazza. “Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence.” American Economic Review 101, no. 7 (December 2011): 3047–77. https://doi.org/10.1257/aer.101.7.3047.
    • ID: 10.1257/aer.101.7.3047 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 3 | Registration Date: 2019-12-09

Fang, Hanming; Gavazza, Alessandro (2011): Replication data for: Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116101