The (W)Health of Nations: The Impact of Health Expenditure on the Number of Chronic Diseases

41 Pages Posted: 24 Jun 2015

See all articles by Leonardo Becchetti

Leonardo Becchetti

University of Rome, Tor Vergata - Faculty of Economics

Pierluigi Conzo

University of Turin - Department of Economics and Statistics; Collegio Carlo Alberto

Francesco Salustri

Health Economics Research Centre, University of Oxford

Date Written: June 23, 2015

Abstract

We investigate the impact of health expenditure on health outcomes on a large sample of Europeans aged above 50 using individual and regional-level data. We find a significant and negative effect of lagged health expenditure on later changes in the number of chronic diseases. This effect varies according to age, health behavior, gender, income and education, thereby supporting the hypothesis that the impact of health expenditure across different interest groups is heterogeneous. Our empirical findings are confirmed also when health expenditure is instrumented with parliament political composition.

Keywords: health satisfaction, education, life satisfaction, public health costs

JEL Classification: I12, I11, I18

Suggested Citation

Becchetti, Leonardo and Conzo, Pierluigi and Salustri, Francesco, The (W)Health of Nations: The Impact of Health Expenditure on the Number of Chronic Diseases (June 23, 2015). CEIS Working Paper No. 348. Available at SSRN: https://ssrn.com/abstract=2622093 or http://dx.doi.org/10.2139/ssrn.2622093

Leonardo Becchetti (Contact Author)

University of Rome, Tor Vergata - Faculty of Economics ( email )

Via Columbia, 2
I-00133 Rome
Italy

Pierluigi Conzo

University of Turin - Department of Economics and Statistics ( email )

Campus Luigi Einaudi
Lungo Dora Siena 100 A
Torino, Torino 10153
Italy
011/6703892 (Phone)
011/6703895 (Fax)

HOME PAGE: http://www.unito.it/unitoWAR/page/dipartimenti4/D031/D031_personale_batch_BasicBook_Docenti_IT7?id=4

Collegio Carlo Alberto ( email )

Piazza Arbarello, 8
Torino, 10122
Italy

HOME PAGE: http://www.carloalberto.org/people/faculty/affiliates/pierluigi-conzo/

Francesco Salustri

Health Economics Research Centre, University of Oxford ( email )

Department of Public Health
Old Road Campus
Oxford OX3 7LF
United Kingdom

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