Skip to main content

Biases in the healthcare luxury good hypothesis?: a meta-regression analysis

Buy Article:

$43.00 plus tax (Refund Policy)

Summary. 

Although a growing literature examining the relationship between income and health expenditures suggests that healthcare is a luxury good, this conclusion is debatable owing to heterogeneity of the existing results. The paper tests the luxury good hypothesis (namely that income elasticity exceeds 1) by using meta-regression analysis, taking into consideration publication selection and aggregation bias. The findings suggest that publication bias exists, which is a result that is robust to the meta-regression model employed. Publication selection and aggregation bias also appear to play a role in the generation of estimates. The corrected estimates of income elasticity range from 0.4 to 0.8, which cast serious doubt on the validity of the luxury good hypothesis.
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Keywords: Aggregate health expenditure; Healthcare; Income elasticity; Luxury goods; Meta-regression analysis; Regional health expenditure

Document Type: Research Article

Affiliations: 1: London School of Economics and Political Science, UK 2: Universitat de Barcelona, Spain

Publication date: 01 January 2011

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more