4 janvier 2022

François Langot - Séminaire commun GAINS LMM

Le 4 janvier 2022

Titre: Understanding Cross-country Differences in Health Status and Expenditures: Health Prices Matte", co-écrit avec Raquel Fonseca (ESG-Université du Quebec à Montréal, CIRANO & RAND), Pierre-Carl Michaud (HEC Montreal, CIRANO & NBER), et Thepthida Sopraseuth (CY Cergy-Paris University, THEMA)

Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures  and health status. Taking into account other country-specific explanatory factors, U.S. health prices are estimated to be 25\% higher compared to those of European countries. This price differential explains more than 60\% of the difference in health expenditures and more than half of the difference in health status between Europe and the U.S. Despite its large impact at the aggregate level, these price differences increase the lifetime cost of living of Americans by two percentage points.  

Webinar - 4 janvier 2022