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Identifier to cite or link to this item: https://doi.org/10.15057/28217
Identifier to cite or link to this item: https://hdl.handle.net/10086/28217

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Title
STATE DEPENDENCE, UNOBSERVED HETEROGENEITY, AND HEALTH DYNAMICS IN KOREA
Creator
Creator Name
LEE, YONG-WOO LEE, YONG-WOO
Affiliation
Affiliation Name
Yeungnam University
Key Word
self-assessed health
dynamic random effects ordered probit model
state dependence
JEL
I1
C25
Abstract
This paperinvestigates the determinants of individual health and its dynamics using the Korea Laborand Income Panel Study. The paperexamines how state dependence, unobserved heterogeneity, and observed heterogeneity jointly affect overall health evolution. For this, a dynamic random effects ordered probit model with a simple solution to the initial conditions problem is estimated and the estimation results show that health dynamics in Korea are characterized by significant positive state dependence and unobserved heterogeneity. The explanatory power of many socioeconomic variables disappears if state dependence and unobserved heterogeneity are controlled for. Two robustness checks with respect to attrition bias and reporting reliability further validate these empirical results.
Publisher
Hitotsubashi University
Issued Date
2016-12
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/28217
ISSN
0018-280x
NCID
AA00207547
Source Title
Hitotsubashi Journal of Economics
Volume Number
57
Issue Number
2
Page Start
195
Page End
221
Appears in Collections
Vol. 57, no. 2 (Dec. 2016)
URL
https://hdl.handle.net/10086/28217