Aging Risk and Health Care Expenditure in Korea

제목
Aging Risk and Health Care Expenditure in Korea
저자

Byongho Tchoe; Nam, Sang-Ho

키워드
population aging; age-expenditure profile; components decomposition; panel regression; health care expenditure
발행연도
2010-08-20
발행기관
MDPI, Switzerland
Series
International Journal of Environmental Research & Public Health, vol. 7, no. 8, pp. 3235 - 3254
Journal Title
International Journal of Environmental Research & Public Health
초록
Abstract: This paper analyzes the impact of population aging on health care expenditures in Korea. Examination of the age-expenditure profile reveals that health care resources are allocated more for the older cohort of population over time, suggesting significant growth of health care expenditures due to population aging. We contend, however, that population aging is considered as a parameter rather than an independent variable to explain rising health care expenditures. This paper shows that population aging is not found to be a significant determinant of health care expenditures according to the econometric analysis using OECD health data and time-series data for Korea. Using the components decomposition method, which measures the contribution of each component of health care expenditure, we estimate that population aging contributes only less than 10 percent.
ISSN
1660-4601
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