Latest Articles from Russian Journal of Economics Latest 1 Articles from Russian Journal of Economics https://rujec.org/ Thu, 28 Mar 2024 10:52:59 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Total expenditure elasticity of healthcare spending in Russia https://rujec.org/article/76219/ Russian Journal of Economics 7(4): 326-353

DOI: 10.32609/j.ruje.7.76219

Authors: Evguenii A. Zazdravnykh, Andrey V. Aistov, Ekaterina A. Aleksandrova

Abstract: In this study we estimate the income elasticity of spending on different healthcare services and medication in Russia, taking into account the non-linear relationship between income level and expenditure. We employ the RLMS-HSE data, 2006–2017, to estimate the elasticities at household level. Our findings show these elasticities have not changed over the years. Additionally, we show that low-income and high-income households demon­strate different levels of elasticities, which is consistent with the fact that healthcare is less affordable for the poor. The study confirms that healthcare and medication are close to luxury level for low-income households and drugs are almost income inelastic for rich households. The results could help to reveal which services are the least affordable for the population.

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