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The Gerontologist, Vol 33, Issue 5 595-602, Copyright © 1993 by The Gerontological Society of America
ARTICLES |
RM Rubin and K Koelln
Department of Economics, University of North Texas, Denton 76203-3408.
Regression analysis was used to compare out-of-pocket health expenditures between lower and higher income elderly and non-elderly households. Race and housing tenure were significant determinants for both age groups, but assets, education, and family size were significant only for the non-elderly. Analysis of out-of-pocket health costs indicated greater equity among elderly persons, probably due to Medicare, but income elasticities revealed that health spending is a luxury for lower income elderly households.
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