We split the components corresponding to the disability-free survival probability, and the disability survival probability. Our analysis is conducted for men and women separately, for age groups over 64 years. We discuss the estimation of a multiple state model under several scenarios when only a single survey of cross-sectional data is available. The conclusions are used to discuss the disability level of the Spanish elderly population and are helpful to develop welfare programs and insurance products.
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Document Type: Research Article
Departamento de Economía Aplicada y Organización de Empresas, Universidad de Extremadura, Extremadura, Spain
Departament d'Econometria, Estadística i Economia Espanyola, Universitat de Barcelona, Barcelona, Spain
Publication date: 2005-01-01