A panel vector autoregression analysis for the dynamics of medical and long-term care expenditures.
Health Econ
; 33(4): 748-763, 2024 Apr.
Article
en En
| MEDLINE
| ID: mdl-38159087
ABSTRACT
Although medical and long-term care expenditures for older adults are closely related, providing rigorous statistical analysis for their dynamic relationship is challenging. In this research, we propose a novel approach using the panel vector autoregression model to reveal the realized patterns of the interdependence. As an empirical application, we analyze monthly panel data on individuals in a city of Japan, where social insurance covers many formal services for long-term care. Our estimation results indicate the existence of intertemporal transition from expensive acute medical care to reasonable at-home medical care, then to at-home long-term care. Under this context, the enhancement of formal long-term care sector in Japan might have played an important role in the suppression of the total care cost in spite for its rapid aging over the past 2 decades. Additionally, we find that daycare plays multiple roles in Japanese long-term care, such as respite and rehabilitation, but there is no considerable transition from outpatient rehabilitation to daycare in the long-term care sector.
Palabras clave
Texto completo:
1
Bases de datos:
MEDLINE
Asunto principal:
Cuidados a Largo Plazo
/
Servicios de Atención de Salud a Domicilio
Límite:
Aged
/
Humans
País/Región como asunto:
Asia
Idioma:
En
Revista:
Health Econ
Asunto de la revista:
SERVICOS DE SAUDE
Año:
2024
Tipo del documento:
Article
País de afiliación:
Japón