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Literature DB >> 21775003

Grossman's missing health threshold.

Abstract

We present a generalized solution to Grossman's model of health capital (1972), relaxing the widely used assumption that individuals can adjust their health stock instantaneously to an "optimal" level without adjustment costs. The Grossman model then predicts the existence of a health threshold above which individuals do not demand medical care. Our generalized solution addresses a significant criticism: the model's prediction that health and medical care are positively related is consistently rejected by the data. We suggest structural- and reduced-form equations to test our generalized solution and contrast the predictions of the model with the empirical literature.

Entities: Chemical Disease Gene Species

Mesh：

Year: 2011 PMID： 21775003 PMCID： PMC3177017 DOI： 10.1016/j.jhealeco.2011.06.004

Source DB: PubMed Journal: J Health Econ ISSN： 0167-6296 Impact factor: 3.883

12 in total

6. Effects of globalization, energy consumption and ICT on health status in Australia: the role of financial development and education.

Authors: Mohammad Mafizur Rahman; Khosrul Alam
Journal: BMC Public Health Date: 2022-08-17 Impact factor: 4.135

6 in total

Grossman's missing health threshold.

1. Comparative dynamic analysis of the full Grossman model.

2. Measuring benefits from air pollution control: where do we stand? Measuring the benefits from reduced morbidity.

3. The demand for health: some new empirical evidence.

4. Demand for health: a generalised Grossman model.

5. Healthy bodies and thick wallets: the dual relation between health and economic status.

6. The economic analysis of inequalities in health.

7. Health, health care, and the environment. Econometric evidence from German micro data.

8. The demand for health: an empirical reformulation of the Grossman model.

9. Health service 'input' and mortality 'output' in developed countries.

10. Can patient self-management help explain the SES health gradient?

1. Health technology assessment with risk aversion in health.

2. The Grossman model after 40 years.

3. A health production model with endogenous retirement.

4. Is there empirical evidence for decreasing returns to scale in a health capital model?

5. A Theory of Socio-economic Disparities in Health over the Life Cycle.

6. Effects of globalization, energy consumption and ICT on health status in Australia: the role of financial development and education.