Research Catalog
The status of health in demand estimation : beyond excellent, good, fair and poor / Willard G. Manning, Jr., Joseph P. Newhouse, John E. Ware, Jr.
- Title
- The status of health in demand estimation : beyond excellent, good, fair and poor / Willard G. Manning, Jr., Joseph P. Newhouse, John E. Ware, Jr.
- Author
- Manning, Willard G., Jr. (Willard Graham), 1946-2014.
- Publication
- Santa Monica, CA : Rand Corporation, 1981.
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Status | Format | Access | Call Number | Item Location |
---|---|---|---|---|
Text | Request in advance | AS36 .R3 R-2696-1-HHS | Off-site |
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- 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.
- Subject
- Bibliography (note)
- Includes bibliographical references (pages 59-62).
- Processing Action (note)
- committed to retain
- OCLC
- 7694535
- SCSB-10158659
- Owning Institutions
- Harvard Library