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A, Hussem ; A, Wong ; B, Wouterse. (2018) The effect of co-payments in Long Term Care on the distribution of payments,consumption, and risk..
In: Health, Econometrics and Data Group (HEDG) Working Papers. RePEc:yor:hectdg:18/24.
Full description at Econpapers
cites:
A Purging period effects from the source data To purge the data from period effects, we rescale the values of the LTC, income, and wealth variables in earlier years to 2013 levels. As period effects may not only affect the mean, but also the shape of the distribution, we perform the following procedure for each variable. First, we divide the variable in 200 quantiles for each year and spline these quantiles (cubic splines with 10 knots). Then, we regress the variable on these splined quantiles. This gives a smooth estimate of the value of the variable over its entire distribution for each year. Finally, we use differences between the estimated value in the year of the observation and in 2013 to determine a scale factor for each quantile.
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