Abstract:
:Economists often estimate models with a log-transformed dependent variable. The results from the log-transformed model are often retransformed back to the unlogged scale. Other studies have shown how to obtain consistent estimates on the original scale but have not provided variance equations for those estimates. In this paper, we derive the variance for three estimates--the conditional mean of y, the slope of y, and the average slope of y--on the retransformed scale. We then illustrate our proposed procedures with skewed health expenditure data from a sample of Medicaid eligible patients with severe mental illness.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Ai C,Norton ECdoi
10.1016/s0167-6296(00)00046-1subject
Has Abstractpub_date
2000-09-01 00:00:00pages
697-718issue
5eissn
0167-6296issn
1879-1646pii
S0167-6296(00)00046-1journal_volume
19pub_type
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