Catastrophic Medical Expenditure Risk

Arbeitspapier

Medical expenditure risk can pose a major threat to living standards. We derive decomposable measures of catastrophic medical expenditure risk from reference-dependent utility with loss aversion. We propose a quantile regression based method of estimating risk exposure from cross-section data containing information on the means of financing health payments. We estimate medical expenditure risk in seven Asian countries and find it is highest in Laos and China, and is lowest in Malaysia. Exposure to risk is generally higher for households that have less recourse to self-insurance, lower incomes, wealth and education, and suffer from chronic illness.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 4198

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Empirical Analysis ; Personal Income, Wealth, and Their Distributions ; Information, Knowledge, and Uncertainty: General ; Health Insurance, Public and Private ; Health and Economic Development
• Subject: medical expenditures ; catastrophic payments ; downside risk ; reference-dependent utility ; Asia

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Flores, Gabriela ; O'Donnell, Owen
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/72562
• Last update: 10.03.2025, 11:42 AM CET