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The economic consequences of health shocks

Author: Adam Wagstaff
Publisher: [Washington, D.C.] : World Bank, Development Research Group, Public Services Team, [2005]
Series: Policy research working papers, 3644.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
"While there is a great deal of anecdotal evidence on the economic effects of adverse health shocks, there is relatively little hard empirical evidence. The author builds on recent empirical work to explore in the context of postreform Vietnam two related issues: (1) how far household income and medical care spending responds to health shocks, and (2) how far household consumption is protected against health shocks.  Read more...
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Additional Physical Format: Online version:
Wagstaff, Adam.
Economic consequences of health shocks.
[Washington, D.C.] : World Bank, Development Research Group, Public Services Team, [2005]
(OCoLC)656220918
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Adam Wagstaff
OCLC Number: 62143097
Notes: "June 2005"--Cover.
Description: 18 pages ; 28 cm.
Series Title: Policy research working papers, 3644.
Responsibility: Adam Wagstaff.

Abstract:

"While there is a great deal of anecdotal evidence on the economic effects of adverse health shocks, there is relatively little hard empirical evidence. The author builds on recent empirical work to explore in the context of postreform Vietnam two related issues: (1) how far household income and medical care spending responds to health shocks, and (2) how far household consumption is protected against health shocks. The results suggest that adverse health shocks - captured by negative changes in body mass index (BMI) - are associated with reductions in earned income. This appears to be only partly - if at all - due to a reverse feedback from income changes to BMI changes. By contrast, there is a hint - the relevant coefficient is not significant - that adverse BMI shocks may result in increases in unearned income. This may reflect additional gifts, remittances, and so on, from family and friends following the health shock ..."--Page 2 of cover.

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