2018
DOI: 10.1002/hec.3824
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Monthly spending dynamics of the elderly following a health shock: Evidence from Singapore

Abstract: We use novel longitudinal data from 19 monthly waves of the Singapore Life Panel to examine the short-term dynamics of the effects health shocks have on household health and nonhealth spending and income by the elderly. The health shocks we study are the occurrence of new major conditions such as cancer, heart problems, and minor conditions (e.g., diabetes and hypertension). Our empirical strategy is based on an event study approach that exploits unanticipated changes in health status through the diagnosis of … Show more

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Cited by 27 publications
(14 citation statements)
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“…A smaller strand of the literature examines temporal or longitudinal losses of ill‐health. These studies provide additional important insights on how individuals and their families fare over the longer run (Charles, 2003; Cheng, Li, & Vaithianathan, 2018; Jones, Mavromaras, Sloane, & Wei, 2018; Meyer & Mok, 2019; Polidano & Vu, 2015; Stephens, 2001). Recognizing that the dynamic patterns of ill‐health from onset (or offset) are not consistent across individuals, studies typically estimate the dynamic effects for different groups of individuals defined by the chronicity of ill‐health.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…A smaller strand of the literature examines temporal or longitudinal losses of ill‐health. These studies provide additional important insights on how individuals and their families fare over the longer run (Charles, 2003; Cheng, Li, & Vaithianathan, 2018; Jones, Mavromaras, Sloane, & Wei, 2018; Meyer & Mok, 2019; Polidano & Vu, 2015; Stephens, 2001). Recognizing that the dynamic patterns of ill‐health from onset (or offset) are not consistent across individuals, studies typically estimate the dynamic effects for different groups of individuals defined by the chronicity of ill‐health.…”
Section: Introductionmentioning
confidence: 99%
“… Kumara and Samaratunge (2017) investigate the impact of NCD incidence on household consumption in Sri Lanka, without identifying NCDs as an unexpected shock to households. Cheng et al (2018) investigate the short‐term dynamic effects of new chronic conditions on household economic welfare in Singapore. However, they focus on the impact up to 12 months after the onset of health shock in a well‐developed setting where social health insurance schemes differ from that of low‐ and middle‐income countries.…”
mentioning
confidence: 99%
“…There are mainly six kinds of indicators to measure the occurrence of health shocks: newly diagnosed chronic disease diagnosis, the self-reported decline in health, limitation of daily activities, sudden increase in healthcare services utilization, catastrophic health expenditure, or abnormal change in body weight. Newly chronic disease diagnosis is more commonly recommended and used considering the exogeneity and suddenness of health shock in definition (12)(13)(14)(15). Preventive behaviors are mostly defined as behaviors with the purpose of disease prevention and health promotion, for example, smoking cessation, alcohol use reduction, exercise, and active involvement in physical examination (16).…”
Section: Introductionmentioning
confidence: 99%
“…In the context of Australia, Cai et al (2014) and Zucchelli et al (2010) show a significant negative effect of health shocks on labor supply. Cheng et al (2019) examine the effects of health shocks on household expenditure and income using a panel data set from Singapore. They find that major adverse health shocks have large and persistent effects while minor shocks have small and mainly contemporaneous effects.…”
Section: Introductionmentioning
confidence: 99%