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Assessing household health expenditure with Box-Cox censoring models Author info | Abstract | Publisher info | Download info | Related research | Statistics Jean-Paul Chaze (Department of Econometrics & Laboratory of Applied Economics, University of Geneva, Switzerland)
In order to assess the combined presence of zero expenditures and a heavily skewed distribution of positive expenditures, the Box-Cox transformation with location parameter is used to define a set of models generalising the standard Tobit, Heckman selection and double-hurdle models. Extended flexibility with respect to previous specifications is introduced, notably regarding negative transformation parameters, which may prove necessary for medical expenditures, and corner-solution outcomes. An illustration is provided by the analysis of household health expenditure in Switzerland. Copyright © 2005 John Wiley & Sons, Ltd.
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Article provided by John Wiley & Sons, Ltd. in its journal Health Economics .
Volume (Year): 14 (2005)
Issue (Month): 9 ()
Pages: 893-907
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Handle: RePEc:wly:hlthec:v:14:y:2005:i:9:p:893-907Contact details of provider: Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749
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Keywords: References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Valerie Albouy & Laurent Davezies & Thierry Debrand, 2009.
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DT20, IRDES institut for research and information in health economics, revised Jan 2009.
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