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Estimating the Effect of Individual Time Preferences on the Use of Disease Screening

Author

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  • W. David Bradford

    () (Department of Public Administration and Policy, University of Georgia, 201C Baldwin Hall, University of Georgia, Athens, GA 30602, USA;)

  • James Zoller

    () (Department of Health Professions, Medical University of South Carolina, P.O. Box 250961, Charleston, SC 29425, USA;)

  • Gerard A. Silvestri

    () (Department of Medicine, Medical University of South Carolina, MSC 630, 812 CSB, 96 Jonathan Lucas Street, Charleston, SC 29425.)

Abstract

Economists have long been interested in evaluating the role that time preferences play in a wide range of economic decisions. In the health care arena, time preferences may be an especially important determinant of many decisions—particularly the use of preventative health care. One potential barrier to patient adoption of preventative screening regimens is that they impose current costs on consumers with the hope of lower costs in the future. Using data from a national survey, we jointly estimate latent discount rate and preventative service demand models using a limited information maximum likelihood estimator (iterated M-estimator). The results suggest that discount rates are generally inversely related to the likelihood of most screening tests.

Suggested Citation

  • W. David Bradford & James Zoller & Gerard A. Silvestri, 2010. "Estimating the Effect of Individual Time Preferences on the Use of Disease Screening," Southern Economic Journal, Southern Economic Association, vol. 76(4), pages 1005-1031, April.
  • Handle: RePEc:sej:ancoec:v:76:4:y:2010:p:1005-1031
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    File URL: http://dx.doi.org/10.4284/sej.2010.76.4.1005
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    Citations

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    Cited by:

    1. Nicolas Bouckaert & Erik Schokkaert, 2016. "Differing types of medical prevention appeal to different individuals," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(3), pages 317-337, April.
    2. Kaywana Raeburn & Jim Engle-Warnick & Sonia Laszlo, 2016. "Determinants of Food Consumption Choices: Experimental Evidence from St. Kitts," CIRANO Working Papers 2016s-43, CIRANO.
    3. Tatiana Kossova & Elena Kossova & Maria Sheluntcova, 2017. "Alcohol consumption and individual time preferences of Russians," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(1), pages 47-85, March.
    4. David Bradford & Charles Courtemanche & Garth Heutel & Patrick McAlvanah & Christopher Ruhm, 2017. "Time preferences and consumer behavior," Journal of Risk and Uncertainty, Springer, vol. 55(2), pages 119-145, December.
    5. Tatiana Kossova & Elena Kossova & Maria Sheluntcova, 2014. "Estimating the Relationship Between Rate of Time Preferences And Socio-Economic Factors In Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 39-68.
    6. Kossova, Tatiana & Kossova, Elena & Sheluntsova, Maria, 2014. "A healthy lifestyle and individual intertemporal preferences of Russia," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, October.
    7. Tatiana Kossova & Elena Kossova & Maria Sheluntcova, 2013. "Estimating the relationship between rate of time preferences and healthy lifestyle in Russia," HSE Working papers WP BRP 45/EC/2013, National Research University Higher School of Economics.
    8. Vicki L. Bogan & Angela R. Fertig, 2013. "Portfolio Choice and Mental Health," Review of Finance, European Finance Association, vol. 17(3), pages 955-992.
    9. Galizzi, Matteo M. & Miraldo, Marisa & Stavropoulou, Charitini & van der Pol, Marjon, 2016. "Doctor–patient differences in risk and time preferences: A field experiment," Journal of Health Economics, Elsevier, vol. 50(C), pages 171-182.

    More about this item

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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