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The status of health in demand estimation : beyond excellent, good, fair, and poor / Willard G. Manning, Jr., Joseph P. Newhouse, John E. Ware, Jr.
- Format:
- Book
- Government document
- Author/Creator:
- Manning, Willard G., Jr. (Willard Graham), 1946-2014.
- Series:
- R (Rand Corporation)
- Language:
- English
- Subjects (All):
- Health status indicators.
- Health surveys.
- Medical care--Utilization.
- Medical care.
- Health Services--Utilization.
- Health Services--economics.
- Statistics as Topic.
- Health Services Research.
- Medical Subjects:
- Health Services--Utilization.
- Health Services--economics.
- Statistics as Topic.
- Health Services Research.
- Physical Description:
- 1 online resource (xi, 62 pages)
- Place of Publication:
- Santa Monica, CA : RAND Corporation, 1981.
- Summary:
- This study addresses two issues. (1) What can one gain by using more comprehensive measures of health status in demand estimation than a common single item measure? Would you rate your health as excellent, good, fair, or poor? The authors find that by using multidimensional and less-coarse health status measures they achieve an increase in precision approximately equivalent to a 10 percent increase in sample size. (2) What is the consequence of employing postdiction (i.e., predicting utilization from health status measured after the fact) rather than prediction? Using a simple, but plausible, model, the authors show that such measures cause the estimates to be inconsistent; the direction of the inconsistency generally cannot be signed a priori. Empirically the direction is generally away from zero.
- Notes:
- "Prepared under grant from the U.S. Department of Health and Human Services."
- "August 1981."
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