INCOME AND THE USE OF PRESCRIPTION DRUGS FOR NEAR RETIREMENT INDIVIDUALS
Version of Record online: 24 JUN 2013
Copyright © 2013 John Wiley & Sons, Ltd.
Volume 23, Issue 3, pages 314–331, March 2014
How to Cite
Leth-Petersen, S. and Skipper, N. (2014), INCOME AND THE USE OF PRESCRIPTION DRUGS FOR NEAR RETIREMENT INDIVIDUALS. Health Econ., 23: 314–331. doi: 10.1002/hec.2940
- Issue online: 17 FEB 2014
- Version of Record online: 24 JUN 2013
- Manuscript Accepted: 6 FEB 2013
- Manuscript Revised: 20 DEC 2012
- Manuscript Received: 18 OCT 2011
- prescription drugs demand;
- near retirement
In this paper, we estimate how demand for prescription drugs varies with income for a sample of near retirement individuals. The analysis is based on a novel panel data set with information about the purchase of prescription drugs for a large number of Danish individuals over the period 1995–2003. Our preferred model performs better in an external validation test than models that can be estimated on cross section data. Results indicate that demand does respond to variations in income and that reforms affecting income will therefore affect the use of prescription drugs. Copyright © 2013 John Wiley & Sons, Ltd.