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The Accuracy of Economic Measurement in the Health and Retirement Study

French, E; Jones, JB; McCauley, J; (2017) The Accuracy of Economic Measurement in the Health and Retirement Study. Forum for Health Economics and Policy , 20 (2) , Article 20170001. 10.1515/fhep-2017-0001. Green open access

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Abstract

We assess the quality of the HRS’s measures of out-of-pocket medical spending and health insurance premia, both in the “core interviews” and in the “exit interview” data. We provide detailed evidence on the quality of the HRS insurance premia data, and we compare the HRS exit data to exit data in the MCBS. We document how changes in survey questions, including the introduction of “unfolding brackets,” affect the HRS measures. We document what we believe are errors in the HRS imputations and provide some suggestions for improving the accuracy of some imputed variables. Overall, we find the HRS data to be of high quality. However, we believe that many interesting variables in the HRS are under-utilized because users must perform imputations themselves.

Type: Article
Title: The Accuracy of Economic Measurement in the Health and Retirement Study
Open access status: An open access version is available from UCL Discovery
DOI: 10.1515/fhep-2017-0001
Publisher version: http://dx.doi.org/10.1515/fhep-2017-0001
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: accuracy of data; health insurance; HRS; medical spending
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10058236
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