Income and Health Spending: Evidence from Oil Price Shocks
Health expenditures as a share of GDP in the United States have more than tripled over the past half-century. A common conjecture is that this is a consequence of rising income. We investigate this hypothesis by instrumenting for local area income with time series variation in oil prices interacted...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
MIT Press,
2014-01-13T17:26:30Z.
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| Subjects: | |
| Online Access: | Get fulltext |