Advanced SearchSearch Tips
Analysis on Supply and Demand for Medical Expenditure by Age and Income Brackets: An Application of GARCH Model
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Analysis on Supply and Demand for Medical Expenditure by Age and Income Brackets: An Application of GARCH Model
Rhee, Hyun-Jae;
  PDF(new window)
This study aims to examine primary determinant for medical expenditure depending on different age and income brackets. The age and income brackets are simultaneously taken into account for a forming of structural models, and GARCH methodology is utilized in analyzing the model. Empirical evidence reveals that no matter how general medical care system is appropriately operated, medical expenditure is vulnerable in taking care of potential socially-disadvantaged class and the group of catastrophic medical expenditure as long as the age and income brackets concern, simultaneously. It signifies that more elaborately designed medical-related policy seems to be established to improve its effectiveness. On the contrary, ageing society is comparatively well-treated by public health law and act on long-term care insurance for the aged.
Medical Expenditure;Ageing Society;Income Bracket;GARCH Model;
 Cited by
M. Creel and M. Farell, "Modelling Usage of Medical Care Services: The Medical Expenditure Panel Survey Data, 1996-2000," Applied Economics, Vol.43, pp.2287-2302, 2011. crossref(new window)

김철수, E. Y. Kim, "국가경제수준별 국민의료비 영향요인에 관한 연구: 소득불평등 영향 탐색을 중심으로," 한국사회정책, 제16권, 제2호, pp.57-92, 2010.

고민창, "국민의료비 결정요인에 대한 연구," 사회보장연구, 제24권, 제1호, pp.123-148, 2008.

노재철, 고준기, "노인보건의료의 현황과 법 제도적 개선방안," 한국콘텐츠학회논문지, 제13권, 제3호, pp.170-186, 2013.

정완교, "노인의료비지출의 결정요인," 보건경제와 정책연구, 제18권, 제4호, pp.149-168, 2012.

정형선, 송양민, 이규식, "인구고령화와 의료비," 보건경제와 정책연구, 제13권, 제1호, pp.95-116, 2007.

강성미, 정형선, 송양민, 이규식, "인구고령화를 고려한 공공의료비의 장래추계," 보건경제와 정책연구, 제15권, 제2호, pp.1-20, 2009.

이원영, 신영전, "도시가계의 소득계층별 과부담 의료비 실태," 사회보장연구, 제21권, 제2호, pp.105-133, 2005.

김학주, "빈곤층의 의료비지출 과부담에 관한 연구," 한국사회, 제9집, 제1호, pp.229-253, 2008.

손수인, 신영전, 김창엽, "저소득층의 과부담의료비 발생에 영향을 미치는 요인," 보건사회연구, 제30권, 제1호, pp.92-110, 2010.

G. K. Karatzas, "On the Determination of the U.S Aggregate Health Care Expenditure," Applied Economics, Vol.32, pp.1085-1099, 2000. crossref(new window)

A. Aizcorbe, E. B. Liebman, D. M. Cutler, and A. B. Rosen, "Household Consumption Expenditures for Medical Care: An Alternate Presentation," Survey of Current Business, Vol.92, No.6, pp.34-48, 2012.

D. Goldman and N. Maestas, "Medical Expenditure Risk and Household Portfolio Choice," J. of Applied Econometrics, Vol.28, pp.527-550, 2013. crossref(new window)

T. Smeeding and M. Moon, "Valuing Government Expenditures: The Case of Medical Care Transfers and Poverty," Rev. of Income and Wealth, Vol.26, No.3, pp.305-324, 1980. crossref(new window)


T. Bollerslev, "Generalized Autoregressive Conditional Heteroscedasticity," J. of Econometrics, Vol.31, No.3, pp.307-327, 1986. crossref(new window)

T. Bollerslev, R. Y. Chou, and K. F. Kroner, "ARCH Modeling in Finance: A Review of the Theory and Empirical Evidence," J. of Econometrics, Vol.52, No.1-2, pp.5-59, 1992. crossref(new window)

R. F. Engle, "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation," Econometrica, Vol.50, No.4, pp.987-1007, 1982. crossref(new window)

R. F. Engle, D. M. Lilien, and R. P. Robins, "Estimating Time Varying Risk Premiums in the Term Structure : The ARCH-M Model," Economatrica, Vol.55, No.2, pp.391-407, 1987. crossref(new window)

이현재, "GARCH-M 모형에 의한 ASEAN+3 국가의 화폐통합에 관한 실증분석," 동북아경제연구, 제19권, 제3호, 한국동북아경제학회, pp.93-115, 2007.

이현재, "우리나라 사회복지지출의 경제성과 분석: 규모의 경제와 대체탄력성을 중심으로," 한국콘텐츠학회논문지, 제13권, 제12호, pp.357-368, 2013.

김명직, 장국현, 금융시계열분석, 경문사, 2002.