This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Effects of Risk and Time Preference and Expected Longevity on Demand for Medical Tests

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Gabriel Picone ()
Frank Sloan ()
Donald Taylor ()

Additional information is available for the following registered author(s):

Abstract

Despite their conceptual importance, the effects of time preference, expected longevity, uncertainty, and risk aversion on behavior have not been analyzed empirically. We use data from the Health and Retirement Study (HRS) to assess the role of risk and time preference, expected longevity, and education on demand for three measures used for early detection of breast and cervical cancer—regular breast self-exams, mammograms, and Pap smears. We find that individuals with a higher life expectancy and lower time preference are more likely to undergo cancer screening. Less risk averse individuals tend to be more likely to undergo testing. Copyright Kluwer Academic Publishers 2004

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://hdl.handle.net/10.1023/B:RISK.0000009435.11390.23
File Format: text/html
File Function:
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 28 (2004)
Issue (Month): 1 (January)
Pages: 39-53
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:jrisku:v:28:y:2004:i:1:p:39-53

Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100299

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: prevention; risk aversion; cancer screening;

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Butler, James R. G. & Furnival, Colin M. & Hart, Ruth F. G., 1995. "Estimating treatment cost functions for progressive diseases: A multiproduct approach with an application to breast cancer," Journal of Health Economics, Elsevier, vol. 14(3), pages 361-385, August. [Downloadable!] (restricted)
  2. Glenn R. Hubbard & Jonathan Skinner & Stephen P. Zeldes, . "Precautionary Saving and Social Insurance," Rodney L. White Center for Financial Research Working Papers 3-95, Wharton School Rodney L. White Center for Financial Research.
    Other versions:
  3. V. Kerry Smith & Donald H. Taylor Jr. & Frank A. Sloan, 2001. "Longevity Expectations and Death: Can People Predict Their Own Demise?," American Economic Review, American Economic Association, vol. 91(4), pages 1126-1134, September. [Downloadable!] (restricted)
    Other versions:
  4. Viscusi, W. Kip & Moore, Michael J., 1989. "Rates of time preference and valuations of the duration of life," Journal of Public Economics, Elsevier, vol. 38(3), pages 297-317, April. [Downloadable!] (restricted)
  5. Walker, Andrew & Whynes, David K., 1991. "Participation and screening programmes for colorectal cancer: More would be better?," Journal of Health Economics, Elsevier, vol. 10(2), pages 207-225, July. [Downloadable!] (restricted)
  6. Ehrlich, Isaac & Chuma, Hiroyuki, 1990. "A Model of the Demand for Longevity and the Value of Life Extension," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 761-82, August. [Downloadable!] (restricted)
  7. Christian Gollier & Richard J. Zeckhauser, 1997. "Horizon Length and Portfolio Risk," NBER Technical Working Papers 0216, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  8. Baron, Jonathan, 1997. "Confusion of Relative and Absolute Risk in Valuation," Journal of Risk and Uncertainty, Springer, vol. 14(3), pages 301-9, May-June. [Downloadable!] (restricted)
  9. Dardanoni, Valentino & Wagstaff, Adam, 1990. "Uncertainty and the demand for medical care," Journal of Health Economics, Elsevier, vol. 9(1), pages 23-38, June. [Downloadable!] (restricted)
    Other versions:
  10. V. Kerry Smith & Donald H. Taylor & Frank A. Sloan & F. Reed Johnson & William H. Desvousges, 2001. "Do Smokers Respond To Health Shocks?," The Review of Economics and Statistics, MIT Press, vol. 83(4), pages 675-687, November. [Downloadable!] (restricted)
    Other versions:
  11. Dickie, Mark & Gerking, Shelby, 1997. "Genetic Risk Factors and Offsetting Behavior: The Case of Skin Cancer," Journal of Risk and Uncertainty, Springer, vol. 15(1), pages 81-97, October. [Downloadable!] (restricted)
  12. Becker, Gary S & Mulligan, Casey B, 1997. "The Endogenous Determination of Time Preference," The Quarterly Journal of Economics, MIT Press, vol. 112(3), pages 729-58, August.
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2007. "Time Preference and Its Relationship with Age, Health, and Survival Probability," CETE Discussion Papers 0706, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
    Other versions:
  2. Ciro Avitabile & Tullio Jappelli & Mario Padula, 2008. "Screening Tests, Information, and the Health-Education Gradient," CSEF Working Papers 187, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 28 Apr 2008. [Downloadable!]
  3. Julia Witt, 2008. "The effect of information in the utilization of preventive health-care strategies: An application to breast cancer," Health Economics, John Wiley & Sons, Ltd., vol. 17(6), pages 721-731. [Downloadable!]
  4. Lisa R. Anderson & Jennifer M. Mellor, 2008. "Are Risk Preferences Stable? Comparing an Experimental Measure with a Validated Survey-Based Measure," Working Papers 74, Department of Economics, College of William and Mary. [Downloadable!]
  5. Ryan D. Edwards, 2008. "The Cost of Uncertain Life Span," NBER Working Papers 14093, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Trudy Ann Cameron & J.R. DeShazo, 2004. "An Empirical Model of Demand for Future Health States when Valuing Risk-Mitigating Programs," University of Oregon Economics Department Working Papers 2004-11, University of Oregon Economics Department, revised 01 Apr 2004. [Downloadable!]
  7. Harrell Chesson & Jami Leichliter & Gregory Zimet & Susan Rosenthal & David Bernstein & Kenneth Fife, 2006. "Discount rates and risky sexual behaviors among teenagers and young adults," Journal of Risk and Uncertainty, Springer, vol. 32(3), pages 217-230, May. [Downloadable!] (restricted)
  8. Lisa R. Anderson & Jennifer M. Mellor, 2007. "Predicting Health Behaviors with an Experimental Measure of Risk Preference," Working Papers 59, Department of Economics, College of William and Mary. [Downloadable!]
    Other versions:
  9. Hoy, M. & Witt, J., 2005. "Welfare Effects of Banning Genetic Information in the Life Insurance Market: The Case of BRCA 1/2 Genes," Working Papers 2005-5, University of Guelph, Department of Economics. [Downloadable!]
    Other versions:
  10. Ahmed Khwaja & Frank Sloan & Sukyung Chung, 2007. "The relationship between individual expectations and behaviors: Mortality expectations and smoking decisions," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 179-201, October. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? No RePEc service, like IDEAS, charges for the use or the display of bibliographic data.

This page was last updated on 2009-11-7.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.