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• W3025691921 abstract "This paper is the first to use the method of instrumental variables (IV) to estimate the impact of obesity on medical costs in order to address the endogeneity of weight and to reduce the bias from reporting error in weight. Models are estimated using restricted-use data from the Medical Expenditure Panel Survey for 2000–2005. The IV model, which exploits genetic variation in weight as a natural experiment, yields estimates of the impact of obesity on medical costs that are considerably higher than the estimates reported in the previous literature. For example, obesity is associated with $656 higher annual medical care costs, but the IV results indicate that obesity raises annual medical costs by $2741 (in 2005 dollars). These results imply that the previous literature has underestimated the medical costs of obesity, resulting in underestimates of the economic rationale for government intervention to reduce obesity-related externalities." @default.
• W3025691921 created "2020-05-21" @default.
• W3025691921 creator A5000925736 @default.
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• W3025691921 date "2012-01-01" @default.
• W3025691921 modified "2023-10-10" @default.
• W3025691921 title "The medical care costs of obesity: An instrumental variables approach" @default.
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• W3025691921 doi "https://doi.org/10.1016/j.jhealeco.2011.10.003" @default.
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