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Abstract

This study analyzes whether medical services are productive for the improvement of health. The assessment of the effect of medical services on improved health is empirically difficult: individuals with failing health obtain medical services. The proposed empirical model accounts for the potential endogeneity of medical services. While a simple regression model shows that doctor visits actually increase work loss days, the estimates from the simultaneous model show that obtaining medical services reduces work loss days. For example, if an individual has influenza, obtaining medical services reduces the number of days lost at work by approximately 2.5 days.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume25/V25N1P1_16.pdf
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Bibliographic Info

Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 25 (1999)
Issue (Month): 1 (Winter)
Pages: 1-16

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Handle: RePEc:eej:eeconj:v:25:y:1999:i:1:p:1-16

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Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
Phone: (201) 684-7346
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Web page: http://www.ramapo.edu/eea/journal.html
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Related research

Keywords: Doctors; Health;

Find related papers by JEL classification:

• I12 - Health, Education, and Welfare - - Health - - - Health Production
• I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

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Cited by:

1. Gomez, Miguel I. & Ranney, Christine K., 2002. "Effects Of Food And Health Spending Patterns On The Health Of The Elderly," 2002 Annual meeting, July 28-31, Long Beach, CA 19608, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
2. Juergen Jung & Chung Tran, 2010. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Discussion Papers 2010-31, School of Economics, The University of New South Wales.
   
   • Chung Tran & Juergen Jung, 2011. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," ANU Working Papers in Economics and Econometrics 2011-539, Australian National University, College of Business and Economics, School of Economics.
   • Juergen Jung & Chung Tran, 2011. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Working Papers 201102, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
3. Michael Grossman, 1999. "The Human Capital Model of the Demand for Health," NBER Working Papers 7078, National Bureau of Economic Research, Inc.
4. Juergen Jung & Chung Tran, 2008. "The Macroeconomics of Health Savings Accounts," Caepr Working Papers 2007-023, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
   
   • Juergen Jung & Chung Tran, 2010. "The Macroeconomics of Health Savings Accounts," Working Papers 2010-12, Towson University, Department of Economics, revised May 2011.

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