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100 1 Grossman, Michael,|d1942-|0https://id.loc.gov/authorities/
names/n82098426|eauthor.
245 14 The demand for health :|ba theoretical and empirical
investigation /|cMichael Grossman.
264 1 New York :|bColumbia University Press,|c2017.
264 4 |c©2017
300 1 online resource (xxix, 172 pages) :|billustrations
336 text|btxt|2rdacontent
337 computer|bc|2rdamedia
338 online resource|bcr|2rdacarrier
347 text file|bPDF|2rda
504 Includes bibliographical references (pages 147-168) and
index.
505 00 |tFrontmatter --|tCONTENTS --|tTABLES --|tFOREWORD TO THE
2017 EDITION --|tFOREWORD TO THE 1972 EDITION --
|tACKNOWLEDGMENTS --|tINTRODUCTION AND SUMMARY --|t1. A
STOCK APPROACH TO THE DEMAND FOR HEALTH --|t2. THE SHADOW
PRICE OF HEALTH --|t3. THE PURE CONSUMPTION MODEL --|t4.
AN EMPIRICAL FORMULATION OF THE MODEL --|t5. EMPIRICAL
RESULTS: THE NORC SAMPLE --|t6. JOINT PRODUCTION AND THE
MORTALITY DATA --|tAPPENDIX A. UTILITY MAXIMIZATIONS --
|tAPPENDIX B. DERIVATION OF INVESTMENT MODEL FORMULAS --
|tAPPENDIX C. DERIVATION OF CONSUMPTION MODEL FORMULAS --
|tAPPENDIX D. STATISTICAL PROPERTIES OF THE MODEL --
|tAPPENDIX E. ADDITIONAL EMPIRICAL RESULTS --|tAPPENDIX F.
SOURCES AND METHODS: MORTALITY ANALYSIS --|tNOTES --
|tINDEX.
520 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 In English.
588 0 Print version record.
590 eBooks on EBSCOhost|bEBSCO eBook Subscription Academic
Collection - North America
650 0 Medical care|zUnited States.|0https://id.loc.gov/
authorities/subjects/sh85082887
650 0 Medical economics|zUnited States.|0https://id.loc.gov/
authorities/subjects/sh2008107277
650 7 Medical care.|2fast|0https://id.worldcat.org/fast/1013753
650 7 Medical economics.|2fast|0https://id.worldcat.org/fast/
1014004
650 7 Medical care.|2homoit|0https://homosaurus.org/v3/
homoit0001004
651 7 United States.|2fast|0https://id.worldcat.org/fast/1204155
655 0 Electronic books.
655 4 Electronic books.
776 08 |iPrint version:|z9780231544528
856 40 |uhttps://rider.idm.oclc.org/login?url=http://
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db=nlebk&AN=1628782|zOnline eBook via EBSCO. Access
restricted to current Rider University students, faculty,
and staff.
856 42 |3Instructions for reading/downloading the EBSCO version
of this eBook|uhttp://guides.rider.edu/ebooks/ebsco
901 MARCIVE 20231220
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