The Demand for Health : : A Theoretical and Empirical Investigation / / Michael Grossman.
A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential...
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Place / Publishing House: | New York, NY : : Columbia University Press, , [2017] ©2017 |
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Grossman, Michael, author. aut http://id.loc.gov/vocabulary/relators/aut The Demand for Health : A Theoretical and Empirical Investigation / Michael Grossman. New York, NY : Columbia University Press, [2017] ©2017 1 online resource (160 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- TABLES -- FOREWORD TO THE 2017 EDITION -- FOREWORD TO THE 1972 EDITION -- ACKNOWLEDGMENTS -- INTRODUCTION AND SUMMARY -- 1. A STOCK APPROACH TO THE DEMAND FOR HEALTH -- 2. THE SHADOW PRICE OF HEALTH -- 3. THE PURE CONSUMPTION MODEL -- 4. AN EMPIRICAL FORMULATION OF THE MODEL -- 5. EMPIRICAL RESULTS: THE NORC SAMPLE -- 6. JOINT PRODUCTION AND THE MORTALITY DATA -- APPENDIX A. UTILITY MAXIMIZATIONS -- APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS -- APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS -- APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL -- APPENDIX E. ADDITIONAL EMPIRICAL RESULTS -- APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS -- NOTES -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature. It is well past time to bring this important work back into print. Grossman bases his approach on Gary S. Becker's household production function model and his theory of investment in human capital. Consumers demand health, which can include illness-free days in a given year or life expectancy, and then produce it through the input of medical care services, diet, other market goods and services, and time. Grossman also treats health and knowledge as equal parts of the durable stock of human capital. Consumers therefore have an incentive to invest in health to increase their earnings in the future. From here, Grossman examines complementarities between health capital and other forms of human capital, the most important of which is knowledge capital earned through schooling and its effect on the efficiency of production. He concludes that the rate of return on investing in health by increasing education may exceed the rate of return on investing in health through greater medical care. Higher income may not lead to better health outcomes, as wealth enables the consumption of goods and services with adverse health effects. These are some of the major revelations of Grossman's model, findings that have great relevance as we struggle to understand the links between poverty, education, structural disadvantages, and health. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Medical care United States. Medical economics United States. BUSINESS & ECONOMICS / Economics / Theory. bisacsh Fuchs, Victor R., contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Lindgren, Björn, contributor. ctb https://id.loc.gov/vocabulary/relators/ctb Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 9783110543308 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2017 9783110540550 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE ENGLISH 2017 9783110625264 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2017 9783110547740 ZDB-23-DBV print 9780231179003 https://doi.org/10.7312/gros17900 https://www.degruyter.com/isbn/9780231544528 Cover https://www.degruyter.com/document/cover/isbn/9780231544528/original |
language |
English |
format |
eBook |
author |
Grossman, Michael, Grossman, Michael, |
spellingShingle |
Grossman, Michael, Grossman, Michael, The Demand for Health : A Theoretical and Empirical Investigation / Frontmatter -- CONTENTS -- TABLES -- FOREWORD TO THE 2017 EDITION -- FOREWORD TO THE 1972 EDITION -- ACKNOWLEDGMENTS -- INTRODUCTION AND SUMMARY -- 1. A STOCK APPROACH TO THE DEMAND FOR HEALTH -- 2. THE SHADOW PRICE OF HEALTH -- 3. THE PURE CONSUMPTION MODEL -- 4. AN EMPIRICAL FORMULATION OF THE MODEL -- 5. EMPIRICAL RESULTS: THE NORC SAMPLE -- 6. JOINT PRODUCTION AND THE MORTALITY DATA -- APPENDIX A. UTILITY MAXIMIZATIONS -- APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS -- APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS -- APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL -- APPENDIX E. ADDITIONAL EMPIRICAL RESULTS -- APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS -- NOTES -- INDEX |
author_facet |
Grossman, Michael, Grossman, Michael, Fuchs, Victor R., Fuchs, Victor R., Lindgren, Björn, Lindgren, Björn, |
author_variant |
m g mg m g mg |
author_role |
VerfasserIn VerfasserIn |
author2 |
Fuchs, Victor R., Fuchs, Victor R., Lindgren, Björn, Lindgren, Björn, |
author2_variant |
v r f vr vrf v r f vr vrf b l bl b l bl |
author2_role |
MitwirkendeR MitwirkendeR MitwirkendeR MitwirkendeR |
author_sort |
Grossman, Michael, |
title |
The Demand for Health : A Theoretical and Empirical Investigation / |
title_sub |
A Theoretical and Empirical Investigation / |
title_full |
The Demand for Health : A Theoretical and Empirical Investigation / Michael Grossman. |
title_fullStr |
The Demand for Health : A Theoretical and Empirical Investigation / Michael Grossman. |
title_full_unstemmed |
The Demand for Health : A Theoretical and Empirical Investigation / Michael Grossman. |
title_auth |
The Demand for Health : A Theoretical and Empirical Investigation / |
title_alt |
Frontmatter -- CONTENTS -- TABLES -- FOREWORD TO THE 2017 EDITION -- FOREWORD TO THE 1972 EDITION -- ACKNOWLEDGMENTS -- INTRODUCTION AND SUMMARY -- 1. A STOCK APPROACH TO THE DEMAND FOR HEALTH -- 2. THE SHADOW PRICE OF HEALTH -- 3. THE PURE CONSUMPTION MODEL -- 4. AN EMPIRICAL FORMULATION OF THE MODEL -- 5. EMPIRICAL RESULTS: THE NORC SAMPLE -- 6. JOINT PRODUCTION AND THE MORTALITY DATA -- APPENDIX A. UTILITY MAXIMIZATIONS -- APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS -- APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS -- APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL -- APPENDIX E. ADDITIONAL EMPIRICAL RESULTS -- APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS -- NOTES -- INDEX |
title_new |
The Demand for Health : |
title_sort |
the demand for health : a theoretical and empirical investigation / |
publisher |
Columbia University Press, |
publishDate |
2017 |
physical |
1 online resource (160 p.) Issued also in print. |
contents |
Frontmatter -- CONTENTS -- TABLES -- FOREWORD TO THE 2017 EDITION -- FOREWORD TO THE 1972 EDITION -- ACKNOWLEDGMENTS -- INTRODUCTION AND SUMMARY -- 1. A STOCK APPROACH TO THE DEMAND FOR HEALTH -- 2. THE SHADOW PRICE OF HEALTH -- 3. THE PURE CONSUMPTION MODEL -- 4. AN EMPIRICAL FORMULATION OF THE MODEL -- 5. EMPIRICAL RESULTS: THE NORC SAMPLE -- 6. JOINT PRODUCTION AND THE MORTALITY DATA -- APPENDIX A. UTILITY MAXIMIZATIONS -- APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS -- APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS -- APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL -- APPENDIX E. ADDITIONAL EMPIRICAL RESULTS -- APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS -- NOTES -- INDEX |
isbn |
9780231544528 9783110543308 9783110540550 9783110625264 9783110547740 9780231179003 |
geographic_facet |
United States. |
url |
https://doi.org/10.7312/gros17900 https://www.degruyter.com/isbn/9780231544528 https://www.degruyter.com/document/cover/isbn/9780231544528/original |
illustrated |
Not Illustrated |
doi_str_mv |
10.7312/gros17900 |
oclc_num |
984688051 |
work_keys_str_mv |
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status_str |
n |
ids_txt_mv |
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carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE ENGLISH 2017 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2017 |
is_hierarchy_title |
The Demand for Health : A Theoretical and Empirical Investigation / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017 |
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