Does parents' valuation of children's health mimic their valuation of own health?

Mark Douglas Agee, Thomas D. Crocker

Research output: Contribution to journalArticle

12 Scopus citations

Abstract

A single latent variable model of health status and therapeutic health care utilization is estimated for parents and own children of 6,557 US households. The equation system that identifies latent health status simultaneously determines a number of indicators of general health, including presence of morbidity symptoms, mobility limitations, medication needs, and utilization of therapeutic health care services. The main goal of the paper was to obtain an unbiased estimate of parents' marginal substitution rate between own and child health. Results indicate that parents' valuation of their children's health exceeds their valuation of own health by almost twofold on average.

Original languageEnglish (US)
Pages (from-to)231-249
Number of pages19
JournalJournal of Population Economics
Volume21
Issue number1
DOIs
StatePublished - Jan 1 2008

All Science Journal Classification (ASJC) codes

  • Demography
  • Economics and Econometrics

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