Econometric critique of the economic change model of mortality.
The application of time-series data and analysis to study the effects of changes in unemployment rates on mortality rates has been a controversial issue in health-unemployment research for many years. This article presents new criticism against previous aggregate time-series regression models and concludes that these models are misspecified in functional form, and the t-ratios used in significance tests are grossly overstated. Future empirical analysis of the Economic Change Model of Mortality, i.e. the aggregate, time-series relationship between mortality rates and economic variables must pay more attention to the salient characteristics of time-series data and implications for regression results.
Søgaard
J
J
Department of Economics, University of Odense, Denmark.
D015982:Bias; D003718:Denmark / Q000453:epidemiology; D004467:Economics; D006801:Humans; D017059:Models, Econometric; D009026:Mortality; D012044:Regression Analysis; D012106:Research; D013995:Time; D014478:Unemployment / Q000706:statistics & numerical data*