Original language | English |
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Title of host publication | Encyclopedia of Health Economics |
Editors | Anthony J. Culyer |
Publisher | Elsevier |
Pages | 317-324 |
Number of pages | 8 |
ISBN (Electronic) | 9780123756787 |
ISBN (Print) | 9780123756794 |
DOIs | |
Publication status | Published - 2014 |
Externally published | Yes |
Abstract
This article provides an introduction to the application of duration models in applied health economics. It starts by presenting nonparametric methods for a descriptive analysis of micro-data. Next, more parametric models are presented that study the importance of both observed and unobserved determinants. Finally, the article discusses some extensions, such as multiple spells, competing risks, and dynamic treatment evaluation. Throughout the article, STATA commands for applying empirical analyses have been provided when possible.
Keywords
- Cox
- Duration
- Exit rate
- Hazard rate
- Kaplan-Meier
- Mixed proportional hazard
- Nonparametric
- Parametric
- Semi-parametric
- STATA
- State dependence
- Survivor function
- Time-varying covariate
- Unobserved heterogeneity