Estimating Health Demand for an Aging Population: A Flexible and Robust Bayesian Joint Model
老龄人口健康需求估计：灵活稳健的贝叶斯联合模型
Summary We analyse two frequently used measures of the demand for health—hospital visits and out‐of‐pocket health care expenditure—which have been analysed separately in the existing literature. Given that these two measures of health demand are highly likely to be closely correlated, we propose a framework to jointly model hospital visits and out‐of‐pocket medical expenditure, which allows for the presence of nonlinear effects of covariates using splines to capture the…