The demand for health :: a theoretical and empirical investigation /
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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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York :
Columbia University Press,
2017.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource (xxix, 172 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 147-168) and index. |
| ISBN: | 0231544529 9780231544528 |
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| 100 | 1 | |a Grossman, Michael, |d 1942- |e author. |1 https://id.oclc.org/worldcat/entity/E39PBJtmtPpXKpPbT6D7WrtBT3 |0 http://id.loc.gov/authorities/names/n82098426 | |
| 245 | 1 | 4 | |a The demand for health : |b a theoretical and empirical investigation / |c Michael Grossman. |
| 264 | 1 | |a New York : |b Columbia University Press, |c 2017. | |
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| 504 | |a Includes bibliographical references (pages 147-168) and index. | ||
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| 505 | 0 | 0 | |t Frontmatter -- |t CONTENTS -- |t TABLES -- |t FOREWORD TO THE 2017 EDITION -- |t FOREWORD TO THE 1972 EDITION -- |t ACKNOWLEDGMENTS -- |t INTRODUCTION AND SUMMARY -- |t 1. A STOCK APPROACH TO THE DEMAND FOR HEALTH -- |t 2. THE SHADOW PRICE OF HEALTH -- |t 3. THE PURE CONSUMPTION MODEL -- |t 4. AN EMPIRICAL FORMULATION OF THE MODEL -- |t 5. EMPIRICAL RESULTS: THE NORC SAMPLE -- |t 6. JOINT PRODUCTION AND THE MORTALITY DATA -- |t APPENDIX A. UTILITY MAXIMIZATIONS -- |t APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS -- |t APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS -- |t APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL -- |t APPENDIX E. ADDITIONAL EMPIRICAL RESULTS -- |t APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS -- |t NOTES -- |t INDEX. |
| 520 | |a 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. | ||
| 546 | |a In English. | ||
| 650 | 0 | |a Medical care |z United States. |0 http://id.loc.gov/authorities/subjects/sh85082887 | |
| 650 | 0 | |a Medical economics |z United States. | |
| 650 | 2 | |a Delivery of Health Care |x economics |0 https://id.nlm.nih.gov/mesh/D003695Q000191 | |
| 650 | 6 | |a Économie de la santé |z États-Unis. | |
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| 650 | 7 | |a Medical care |2 fast | |
| 650 | 7 | |a Medical economics |2 fast | |
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Datensatz im Suchindex
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| author | Grossman, Michael, 1942- |
| author_GND | http://id.loc.gov/authorities/names/n82098426 |
| author_facet | Grossman, Michael, 1942- |
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| 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. |
| ctrlnum | (OCoLC)1000396530 |
| dewey-full | 362.10973 |
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| dewey-raw | 362.10973 |
| dewey-search | 362.10973 |
| dewey-sort | 3362.10973 |
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| discipline | Soziologie |
| format | Electronic eBook |
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A STOCK APPROACH TO THE DEMAND FOR HEALTH --</subfield><subfield code="t">2. THE SHADOW PRICE OF HEALTH --</subfield><subfield code="t">3. THE PURE CONSUMPTION MODEL --</subfield><subfield code="t">4. AN EMPIRICAL FORMULATION OF THE MODEL --</subfield><subfield code="t">5. EMPIRICAL RESULTS: THE NORC SAMPLE --</subfield><subfield code="t">6. JOINT PRODUCTION AND THE MORTALITY DATA --</subfield><subfield code="t">APPENDIX A. UTILITY MAXIMIZATIONS --</subfield><subfield code="t">APPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS --</subfield><subfield code="t">APPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS --</subfield><subfield code="t">APPENDIX D. STATISTICAL PROPERTIES OF THE MODEL --</subfield><subfield code="t">APPENDIX E. ADDITIONAL EMPIRICAL RESULTS --</subfield><subfield code="t">APPENDIX F. SOURCES AND METHODS: MORTALITY ANALYSIS --</subfield><subfield code="t">NOTES --</subfield><subfield code="t">INDEX.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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. 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| id | ZDB-4-EBA-on1000396530 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:27:58Z |
| institution | BVB |
| isbn | 0231544529 9780231544528 |
| language | English |
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| spelling | Grossman, Michael, 1942- author. https://id.oclc.org/worldcat/entity/E39PBJtmtPpXKpPbT6D7WrtBT3 http://id.loc.gov/authorities/names/n82098426 The demand for health : a theoretical and empirical investigation / Michael Grossman. New York : Columbia University Press, 2017. ©2017 1 online resource (xxix, 172 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file Includes bibliographical references (pages 147-168) and index. Print version record. 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. 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. In English. Medical care United States. http://id.loc.gov/authorities/subjects/sh85082887 Medical economics United States. Delivery of Health Care economics https://id.nlm.nih.gov/mesh/D003695Q000191 Économie de la santé États-Unis. BUSINESS & ECONOMICS Labor. bisacsh Medical care fast Medical economics fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Print version: 9780231544528 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1628782 Volltext |
| spellingShingle | Grossman, Michael, 1942- 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. Medical care United States. http://id.loc.gov/authorities/subjects/sh85082887 Medical economics United States. Delivery of Health Care economics https://id.nlm.nih.gov/mesh/D003695Q000191 Économie de la santé États-Unis. BUSINESS & ECONOMICS Labor. bisacsh Medical care fast Medical economics fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85082887 https://id.nlm.nih.gov/mesh/D003695Q000191 |
| title | 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_auth | The demand for health : a theoretical and empirical investigation / |
| title_exact_search | The demand for health : 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_short | The demand for health : |
| title_sort | demand for health a theoretical and empirical investigation |
| title_sub | a theoretical and empirical investigation / |
| topic | Medical care United States. http://id.loc.gov/authorities/subjects/sh85082887 Medical economics United States. Delivery of Health Care economics https://id.nlm.nih.gov/mesh/D003695Q000191 Économie de la santé États-Unis. BUSINESS & ECONOMICS Labor. bisacsh Medical care fast Medical economics fast |
| topic_facet | Medical care United States. Medical economics United States. Delivery of Health Care economics Économie de la santé États-Unis. BUSINESS & ECONOMICS Labor. Medical care Medical economics United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1628782 |
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