The Value of Health: 1970-1990
AbstractGiven a choice between spending more money on medical care or on other consumption goods, which should society choose? Should the National Institutes of Health devote a larger part of its research budget to AIDS or to cancer? Has the increased inequality of income in the United States led to worse health among the poor? Answering these questions is fundamental to understanding the medical sector and to forming sound public policy. But knowledge about the value of health is limited. At both a conceptual and empirical level, there are few integrated treatments of population health. In this paper and related work (Cutler and Richardson, 1997), we estimate the health of the United States population, and examine how it has changed over the past several decades.
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 88 (1998)
Issue (Month): 2 (May)
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- Olga Lazareva, 2009. "Health Effects of Occupational Change," Working Papers w0129, Center for Economic and Financial Research (CEFIR).
- Leonard I. Nakamura, 2009. "Intangible assets and national income accounting: measuring a scientific revolution," Working Papers 09-11, Federal Reserve Bank of Philadelphia.
- Cutler, David M. & Mas, Nuria, 2003. "Comparing non-fatal health across countries: Is the US medical system better?," IESE Research Papers D/525, IESE Business School.
- Leonard I. Nakamura, 2008. "Intangible assets and national income accounting," Working Papers 08-23, Federal Reserve Bank of Philadelphia.
- Cameron, Trudy Ann & DeShazo, J.R., 2013. "Demand for health risk reductions," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 87-109.
- Anupam Jena & Casey Mulligan & Tomas J. Philipson & Eric Sun, 2008. "The Value of Life in General Equilibrium," NBER Working Papers 14157, National Bureau of Economic Research, Inc.
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