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Econometric critique of the economic change model of mortality

  • Søgaard, Jes
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    The application of time-series data and analysis to study the effects of changes in unemployment rates on mortality rates has been a controversial issue in health-unemployment research for many years. This article presents new criticism against previous aggregate time-series regression models and concludes that these models are misspecified in functional form, and the t-ratios used in significance tests are grossly overstated. Future empirical analysis of the Economic Change Model of Mortality, i.e. the aggregate, time-series relationship between mortality rates and economic variables must pay more attention to the salient characteristics of time-series data and implications for regression results.

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    File URL: http://www.sciencedirect.com/science/article/B6VBF-4665F15-V7/2/0af613b3c33372399bd13e4b717abf27
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    Article provided by Elsevier in its journal Social Science & Medicine.

    Volume (Year): 34 (1992)
    Issue (Month): 9 (May)
    Pages: 947-957

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    Handle: RePEc:eee:socmed:v:34:y:1992:i:9:p:947-957
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