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Precautionary motive for saving and medical expenses under health uncertainty: Evidence from Korea

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  • Kong, Moon Kee
  • Lee, Jeong Yeon
  • Lee, Hoe Kyung

Abstract

This paper considers a model of precautionary behavior under health uncertainty and derives testable equations to be used in empirical analysis. Our empirical findings based on data from Korea provide evidence of precautionary motive for saving and medical expenses that arises from health uncertainty.

Suggested Citation

  • Kong, Moon Kee & Lee, Jeong Yeon & Lee, Hoe Kyung, 2008. "Precautionary motive for saving and medical expenses under health uncertainty: Evidence from Korea," Economics Letters, Elsevier, vol. 100(1), pages 76-79, July.
    • Handle: RePEc:eee:ecolet:v:100:y:2008:i:1:p:76-79
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    References listed on IDEAS

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    7. Michael G. Palumbo, 1999. "Uncertain Medical Expenses and Precautionary Saving Near the End of the Life Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(2), pages 395-421.
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