Income and the use of prescription drugs for near retirement individuals
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Income and the use of prescription drugs for near retirement individuals. / Leth-Petersen, Søren; Skipper, Niels.
I: Health Economics, Bind 23, Nr. 3, 03.2014, s. 314–331.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Income and the use of prescription drugs for near retirement individuals
AU - Leth-Petersen, Søren
AU - Skipper, Niels
N1 - JEL Classification: I11; I18
PY - 2014/3
Y1 - 2014/3
N2 - In this paper, we estimate how demand for prescription drugs varies with income for a sample of near retirement individuals. The analysis is based on a novel panel data set with information about the purchase of prescription drugs for a large number of Danish individuals over the period 1995–2003. Our preferred model performs better in an external validation test than models that can be estimated on cross section data. Results indicate that demand does respond to variations in income and that reforms affecting income will therefore affect the use of prescription drugs.
AB - In this paper, we estimate how demand for prescription drugs varies with income for a sample of near retirement individuals. The analysis is based on a novel panel data set with information about the purchase of prescription drugs for a large number of Danish individuals over the period 1995–2003. Our preferred model performs better in an external validation test than models that can be estimated on cross section data. Results indicate that demand does respond to variations in income and that reforms affecting income will therefore affect the use of prescription drugs.
KW - Faculty of Social Sciences
KW - prescription drugs demand
KW - income
KW - near retirement
U2 - 10.1002/hec.2940
DO - 10.1002/hec.2940
M3 - Journal article
C2 - 23794362
VL - 23
SP - 314
EP - 331
JO - Health Economics
JF - Health Economics
IS - 3
ER -
ID: 84807959