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Understanding Cross-country Differences in Health Status and Expenditures / Raquel Fonseca, François Langot, Pierre-Carl Michaud, Thepthida Sopraseuth.
- Format:
- Book
- Author/Creator:
- Fonseca, Raquel.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26876.
- NBER working paper series no. w26876
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, U.S. health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more than half of the difference in health status between Europe and the U.S. Despite its large impact at the aggregate level, these price differences increase the lifetime cost of living of Americans by two percentage points.
- Notes:
- Print version record
- March 2020.
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