The Resource The demand for health : a theoretical and empirical investigation, Michael Grossman, (electronic resource)

The demand for health : a theoretical and empirical investigation, Michael Grossman, (electronic resource)

Label
The demand for health : a theoretical and empirical investigation
Title
The demand for health
Title remainder
a theoretical and empirical investigation
Statement of responsibility
Michael Grossman
Creator
Contributor
Author
Subject
Language
eng
Summary
A seminal work in health economics, Michael Grossman's The Demand for Health, introduced a new theoretical model for determining the health status of the population when first published in 1972. His work uniquely synthesized economic and public health knowledge and 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
Cataloging source
Midwest
http://library.link/vocab/creatorDate
1942-
http://library.link/vocab/creatorName
Grossman, Michael
Dewey number
362.10973
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Medical care
  • Medical economics
  • Electronic books
Target audience
adult
Label
The demand for health : a theoretical and empirical investigation, Michael Grossman, (electronic resource)
Link
https://www.hoopladigital.com/title/11932674
Instantiates
Publication
Distribution
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
MWT11932674
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Media category
computer
Media MARC source
rdamedia
Media type code
c
Publisher number
MWT11932674
Specific material designation
remote
Stock number
11932674
System details
Mode of access: World Wide Web
Label
The demand for health : a theoretical and empirical investigation, Michael Grossman, (electronic resource)
Link
https://www.hoopladigital.com/title/11932674
Publication
Distribution
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
MWT11932674
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Media category
computer
Media MARC source
rdamedia
Media type code
c
Publisher number
MWT11932674
Specific material designation
remote
Stock number
11932674
System details
Mode of access: World Wide Web

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