Topics

Comparing aversions to outcome inequality and social risk in health and income: An empirical analysis using hypothetical scenarios with losses.

07:00 EST 8th November 2019 | BioPortfolio

Summary of "Comparing aversions to outcome inequality and social risk in health and income: An empirical analysis using hypothetical scenarios with losses."

Evaluation of future social welfare may not only depend on the aggregate of individual prospects, but also on how the prospects are distributed across individuals. The latter in turn would depend on how people perceive inequality and risk at the collective level (or "social risk"). This paper examines distributional preferences regarding inequality in outcomes and social risk for health and income in the context of losses. Specifically, four kinds of aversions are compared, (a) outcome-inequality aversion in health, (b) outcome-inequality aversion in income, (c) social-risk aversion in health, (d) and social-risk aversion in income. Face-to-face interviews of a representative general public sample in Spain are undertaken using hypothetical scenarios involving losses in health or income across otherwise equal groups. Aversion parameters are compared assuming social welfare functions with constant relative or constant absolute aversion. We find that in both domains, outcome-inequality aversion and social-risk aversion are not the same; and that neither aversion is the same across the two domains. Outcome-inequality aversion in income is the strongest, followed by social-risk aversion in income and social-risk aversion in health, and outcome-inequality aversion in health coming last, where most of these are statistically significantly different from each other.

Affiliation

Journal Details

This article was published in the following journal.

Name: Health economics
ISSN: 1099-1050
Pages:

Links

DeepDyve research library

PubMed Articles [28467 Associated PubMed Articles listed on BioPortfolio]

Health trajectories of immigrants in the United States: Does income inequality of country of origin matter?

This study aims to investigate whether and to what extent income inequality of country of origin modifies the health trajectories of immigrants to the United States (U.S.). Much previous research has ...

Inequality is in the air: contextual psychosocial effects of power and social class.

Social class and power inequalities are defining features of current societies and tend to influence several social psychological processes. Two types of consequences of social class and power inequal...

Self-efficacy and social competence reduce socioeconomic inequality in emotional symptoms among schoolchildren.

Many adolescents experience mental health problems which may have serious consequences for short- and long-term health and wellbeing. This study investigates socioeconomic inequality in emotional symp...

Comparing mental health of Facebook users and Facebook non-users in an inpatient sample in Germany.

The present study aimed to investigate differences in variables of positive mental health (PMH, i.e., emotional, psychological and social well-being) and negative mental health (NMH, i.e., somatoform ...

Association of Early-Life Exposure to Income Inequality With Bullying in Adolescence in 40 Countries.

While the association between income inequality and interpersonal violence has been attributed to the psychosocial effects of inequality (eg, increased class anxiety, reduced social capital), longitud...

Clinical Trials [13184 Associated Clinical Trials listed on BioPortfolio]

Fighting Social Inequality in Cardiovascular Health I

This study attempts to reduce social inequality in cardiovascular health by performing an interventional screening trial on how best to decrease cardiovascular disease (CVD) among people w...

Shoe Lifts for Leg Length Inequality in Adults With Knee or Hip Symptoms

Limb length inequality is when a person has one leg that is longer than the other. This research will look at correcting limb length inequality in adults with knee or hip symptoms. This s...

Danish Cardiovascular Screening Trial II

This study attempts to reduce social inequality in cardiovascular health by performing an interventional screening trial on how best to decrease cardiovascular disease (CVD) among people w...

Impact of Social Risk Decision Support

The purpose of this study is to determine the impact of embedding a risk-stratification tool, designed to identify patient needs for services that address social determinant of health rela...

Comparing Program Options for Latinos With Diabetes

BACKGROUND AND SIGNIFICANCE: Diabetes is a national health problem, yet Latinos from low-income households are at greater risk. Although guidelines recommend that patients learn self-mana...

Medical and Biotech [MESH] Definitions

The study of the social determinants and social effects of health and disease, and of the social structure of medical institutions or professions.

Pattern of behavior which predisposes certain individuals to increased risk for contracting disease or sustaining personal injury. These behaviors may cluster into a risky lifestyle.

Alternative health care delivery mechanisms, such as PREFERRED PROVIDER ORGANIZATIONS or other health insurance services or prepaid plans (other than HEALTH MAINTENANCE ORGANIZATIONS), that meet Medicare qualifications for a risk-sharing contract. (From Facts on File Dictionary of Health Care Management, 1988)

Federal program, created by Public Law 89-97, Title XVIII-Health Insurance for the Aged, a 1965 amendment to the Social Security Act, that provides health insurance benefits to persons over the age of 65 and others eligible for Social Security benefits. It consists of two separate but coordinated programs: hospital insurance (MEDICARE PART A) and supplementary medical insurance (MEDICARE PART B). (Hospital Administration Terminology, AHA, 2d ed and A Discursive Dictionary of Health Care, US House of Representatives, 1976)

The process of minimizing risk to an organization by developing systems to identify and analyze potential hazards to prevent accidents, injuries, and other adverse occurrences, and by attempting to handle events and incidents which do occur in such a manner that their effect and cost are minimized. Effective risk management has its greatest benefits in application to insurance in order to avert or minimize financial liability. (From Slee & Slee: Health care terms, 2d ed)

Quick Search


DeepDyve research library

Searches Linking to this Article