Title

Screening for a Chronic Disease: A Multiple Stage Duration Model With Partial Observability

Document Type

Article

Publication Date

2016

Digital Object Identifier (DOI)

https://doi.org/10.1111/iere.12180

Abstract

We estimate a dynamic multistage duration model to investigate how early detection of diabetes can delay the onset of lower extremity complications and death. We allow for partial observability of the disease stage, unmeasured heterogeneity, and endogenous timing of diabetes screening. Timely diagnosis appears important. We evaluate the effectiveness of two potential policies to reduce the monetary costs of frequent screening in terms of lost longevity. Compared to the status quo, the more restrictive policy yields an implicit value for an additional year of life of about $50,000, whereas the less restrictive policy implies a value of about $120,000.

Was this content written or created while at USF?

Yes

Citation / Publisher Attribution

International Economic Review, v. 57, issue 3, p. 915-934

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