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The link between health and economic preferences: Evidence from 22 OECD countries
Health Economics ( IF 2.1 ) Pub Date : 2021-01-27 , DOI: 10.1002/hec.4225
Xi Cen 1 , David W Johnston 2 , Claryn S J Kung 2 , Michael A Shields 2 , Eric C Sun 1
Affiliation  

We study the link between health status and economic preferences using survey data from 22 Organisation for Economic Co‐operation and Development (OECD) countries. We hypothesize that there is a relationship between poor health and the preferences that people hold, and therefore their choices and decisions. We find that individuals with a limiting health condition are more risk averse and less patient, and that this is true for physical and mental health conditions. The magnitudes of the health gap are approximately 60% and 70% of the gender gap in risk and time preferences, respectively. Importantly, the health gaps are large for males, females, young, old, school dropouts, degree holders, employed, nonemployed, rich, and poor. They also hold for countries with different levels of gross domestic product (GDP), inequality, social expenditure, and disease burden.

中文翻译:

健康和经济偏好之间的联系:来自 22 个经合组织国家的证据

我们使用来自 22 个经济合作与发展组织 (OECD) 国家的调查数据来研究健康状况和经济偏好之间的联系。我们假设健康状况不佳与人们持有的偏好以及他们的选择和决定之间存在关系。我们发现,健康状况有限的人更厌恶风险,也更缺乏耐心,这对于身体和心理健康状况也是如此。健康差距的大小分别约为风​​险和时间偏好性别差距的 60% 和 70%。重要的是,男性、女性、年轻人、老年人、辍学者、学位持有者、就业者、非就业者、富人和穷人的健康差距很大。它们还适用于国内生产总值 (GDP)、不平等、社会支出、
更新日期:2021-03-15
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