A Stochastic Dynamic Model of the Mental Health of Children

30 Pages Posted: 12 Jul 2005

See all articles by Morris A. Davis

Morris A. Davis

Rutgers Business School

E. Michael Foster

affiliation not provided to SSRN

Abstract

We estimate the parameters of a dynamic multiperiod model where parents with one child periodically decide whether their child uses mental health services. In this model, parents receive utility from household consumption and from their child's mental health. Mental health services may improve the child's mental health, but may be costly in terms of reduced household consumption and direct disutility. We find that mental health services can slightly improve a child's mental health, but the use of services accounts for a small fraction of the improvement of the mental health of the children in our sample.

Suggested Citation

Davis, Morris A. and Foster, E. Michael, A Stochastic Dynamic Model of the Mental Health of Children. International Economic Review, Vol. 46, No. 3, pp. 837-866, August 2005, Available at SSRN: https://ssrn.com/abstract=758066

Morris A. Davis (Contact Author)

Rutgers Business School ( email )

Rutgers Business School
One Washington Park #1092
Newark, NJ 07102
United States

E. Michael Foster

affiliation not provided to SSRN

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