On the relationship between healthcare expenditure and longevity: evidence from the continuous wavelet analyses

Wen Yi Chen; Miin Jye Wen; Yu Hui Lin; Yia Wun Liang

doi:10.1007/s11135-015-0189-x

On the relationship between healthcare expenditure and longevity: evidence from the continuous wavelet analyses

Wen Yi Chen, Miin Jye Wen, Yu Hui Lin, Yia Wun Liang

Department of Statistics

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

This study applies the continuous wavelet analyses to identify four possible perspectives on the causality between healthcare expenditure and longevity: health as a determinant of healthcare expenditure (longevity leads), healthcare expenditure as a determinant of health (healthcare expenditure leads), feedback (bidirectional relation) and neutrality (no correlation). Our results show that none of these four perspectives regarding the causality of healthcare expenditure and longevity prevail over the period of 1963–2010 in the US. Healthcare expenditure is likely to serve as a predictor to predict the volatility of longevity in the short, medium, and long run, while longevity is likely to serve as a predictor to predict the volatility of healthcare expenditure only in the medium run.

Original language	English
Pages (from-to)	1041-1057
Number of pages	17
Journal	Quality and Quantity
Volume	50
Issue number	3
DOIs	https://doi.org/10.1007/s11135-015-0189-x
Publication status	Published - 2016 May 1

All Science Journal Classification (ASJC) codes

Statistics and Probability
General Social Sciences

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abstract = "This study applies the continuous wavelet analyses to identify four possible perspectives on the causality between healthcare expenditure and longevity: health as a determinant of healthcare expenditure (longevity leads), healthcare expenditure as a determinant of health (healthcare expenditure leads), feedback (bidirectional relation) and neutrality (no correlation). Our results show that none of these four perspectives regarding the causality of healthcare expenditure and longevity prevail over the period of 1963–2010 in the US. Healthcare expenditure is likely to serve as a predictor to predict the volatility of longevity in the short, medium, and long run, while longevity is likely to serve as a predictor to predict the volatility of healthcare expenditure only in the medium run.",

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On the relationship between healthcare expenditure and longevity: evidence from the continuous wavelet analyses

Abstract

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