Karlsson, Martin; Klohn, Florian - In: The European Journal of Health Economics 15 (2014) 5, pp. 533-551
In this paper we test the ‘red herring’ hypothesis for expenditures on long-term care (LTC). The main contribution of this paper is to assess the ‘red herring’ hypothesis by using the probability of dying as a measure for time-to-death (TTD). In addition, we implement models that allow...