Table 2.
Impact of Hospitalization on the Non-Elderly Insured (Ages 50 to 59) in the HRS
| Out-of-Pocket Medical Spending | Working Part or Full-Time | Respondent Earnings | Spousal Earnings | Household Social Insurance Payments | Total Household Incomeb | |
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| 12-month effecta | 3,275 | −8.88 | −6,445 | −444 | 503 | −8,443 |
| (373) | (1.83) | (4,024) | (3,851) | (379) | (6,857) | |
| [<.001] | [<.001] | [0.11] | [0.91] | [0.18] | [0.22] | |
| Effect at 36 monthsa | 1,011 | −11.1 | −11,071 | 1,588 | 1,261 | −7,890 |
| (371) | (2.31) | (3,475) | (3,110) | (411) | (5,527) | |
| [0.0065] | [<.001] | [0.0014] | [0.61] | [0.0022] | [0.15] | |
| Average annual effect over 36 monthsa | 1,429 | −9.99 | −8,753 | 572 | 881 | −8,161 |
| (202) | (1.85) | (3,415) | (3,114) | (338) | (5,709) | |
| [<.001] | [<.001] | [0.01] | [0.85] | [0.009] | [0.15] | |
| Pre-hospitalization mean | 2,133 | 74.1 | 45,327 | 30,718 | 2,649 | 82,512 |
| Number of Individuals | 2,732 | 2,732 | 2,732 | 2,732 | 2,732 | 2,732 |
| Number of Observations | 13,286 | 13,286 | 13,286 | 13,286 | 13,286 | 13,286 |
Notes: Sample is the non-elderly insured (see Table 1, column 1) in the HRS. All columns report effects based on OLS estimates of equation (4). Pre-hospitalization means are calculated using the survey wave preceding the hospitalization. Standard errors (clustered on the individual) are in parentheses and p-values are in brackets. All estimates are weighted using survey weights.
All reported effects are reweighted to correct for timing features of the HRS survey, assuming a uniform distribution of hospitalizations in the two years between survey waves and a piecewise linear spline functional form with knots at 12 and 36 months, using the true distribution of month of the survey within the year, and adjusting for the reporting window. All outcomes are reported for the past calendar year except for out-of-pocket medical spending which covers the two-years since the last interview and working part or full-time which is asked at the time of the interview. See Appendix C for methodological details.
Total household income is the sum of respondent earnings, spousal earnings, household social insurance payments, and household pension income.