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The demand for health: An empirical reformulation of the Grossman model
Abstract
Previous tests of Grossman's model of the demand for health have been based on Grossman's own empirical formulation. This paper argues that this formulation fails to capture the dynamic character of the model. It proposes an alternative formulation, which appears to be more consistent with Grossman's theoretical model and which may also explain the apparent rejections of the model by the data in the author's earlier empirical work. The paper also presents some empirical results obtained using the new formulation, which are, on the whole, consistent with the predictions of Grossman's theoretical model.
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Cites
Buhmann, B., Rainwater, L., Schmaus, G., & Smeeding, T. M. (1988) · Review of Income and Wealth · doi:10.1111/j.1475-4991.1988.tb00564.x · Cited by 1,200
Cited by
Priceless: The Nonpecuniary Benefits of Schooling
Oreopoulos, P., & Salvanes, K. G. (2011) · Journal of Economic Perspectives · doi:10.1257/jep.25.1.159 · Cited by 963
The dynamics of health in the British Household Panel Survey
Contoyannis, P., Jones, A. M., & Rice, N. (2004) · Journal of Applied Econometrics · doi:10.1002/jae.755 · Cited by 639
Gerdtham, U.-G., & Johannesson, M. (2001) · The Journal of Socio-Economics · doi:10.1016/s1053-5357(01)00118-4 · Cited by 502
The Human Capital Model of the Demand for Health
Grossman, M. (1999) · National Bureau of Economic Research · doi:10.3386/w7078 · Cited by 335
Broken Down by Work and Sex: How Our Health Declines
Case, A., & Deaton, A. (2003) · National Bureau of Economic Research · doi:10.3386/w9821 · Cited by 330
Metadata
- Authors
- Wagstaff, A.
- Venue
- Health Economics
- Publisher
- Wiley
- Published
- 1993-07
- Volume
- 2
- Issue
- 2
- Pages
- 189-198
- ISSN
- 1057-9230 (ISSN-L)
- 1099-1050
- OpenAlex
- W2170205407
- Cited by
- 174
- References
- 1
- FWCI
- 4.71
- Type
- journal article
- Language
- en
- Open access
- closed
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- Wagstaff, A. (1993). The demand for health: An empirical reformulation of the Grossman model. Health Economics. https://doi.org/10.1002/hec.4730020211
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
