Income and wealth as determinants of voluntary private health insurance: empirical evidence in Spain, 2008-2014.

ABSTRACT:

Background

Few studies have quantitatively estimated the income elasticity of demand of voluntary private health insurance (VPHI) in countries with a universal National Health Service. Most studies to date have uses cross-sectional data.

Methods

In this paper we used a longitudinal database from the Bank of Spain to analyse the financial behaviour of approximately six thousand families per wave. We used three waves (2008, 2011 and 2014). We estimated income and wealth semi-elasticities of VPHI in Spain considering personal and family characteristics (age, sex, level of health, education, composition of the household), i.e. changes in the probability of buying VPHI as result of 1% change in income or wealth. We estimated cross-sectional models for each wave and longitudinal m

SUBMITTER: Pinilla J 

PROVIDER: S-EPMC7437046 | biostudies-literature | 2020 Aug

REPOSITORIES: biostudies-literature