Economic Disability and Health Determinants of the Hazard of Nursing Home Entry
AbstractA Cox proportional hazards model was used to estimate economic determinants of the conditional probability of first nursing home entry during a 34-month period for a panel of disabled older persons who resided in the community at the initial survey. Allowing for death that competes with first entry and end-of-survey censoring produced the following results. Wealth significantly reduces the hazard of nursing home entry. The price elasticity of the hazard of nursing home entry is estimated to be -0.7. Also, nursing home entry is positively related to the opportunity cost of informal caregiver time faced by the family.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 28 (1993)
Issue (Month): 1 ()
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