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Author:
Ekman, Mattias (Stockholm School of Economics, Managerial Economics (C))
Title:
Consumption and Production by Age in Sweden: Basic Facts and Health Economic Implications
Department:
Stockholm School of Economics, Managerial Economics (C)
Publication type:
Manuscript (preprint) (Other academic)
Language:
English
URI:
urn:nbn:se:hhs:diva-1162
Permanent link:
http://urn.kb.se/resolve?urn=urn:nbn:se:hhs:diva-1162
Subject category:
Economics and Business
SVEP category:
Business and economics
Keywords(en) :
Production and consumption by age, costs in added years of life, health care expenditures
Abstract(en) :

For cost-effectiveness analysis to be consistent with expected utility maximization, David Meltzer has proposed that the difference between consumption and production should be included as costs in added years of life. In  order to obtain an estimate of these costs, average production and consumption figures by age for the general population in Sweden were conlpiled. Production is here defined as the total labour cost, including pre-tax income and pay-roll taxes, but excluding transfer payments such as paid sickleave. Private consumption was mainly estimated from a consumer expenditure survey. Public consumption was estimated from the Swedish national accounts and other government sources. Health care consumption by age was given particular consideration, since these costs are interesting in their own right from a health economic viewpoint. Towards the end of the paper, the reliability and validity of the age distribution of consumption and production is discussed, as well as applications to health economic evaluations.

Available from:
2010-11-22
Created:
2010-11-22
Last updated:
2011-06-07
Statistics:
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