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What Do Medical Services Buy? Effects of Doctor Visits on Work Day Loss

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  • Thomas Stratman

    ()
    (Department of Agricultural Economics and Economics, Montana State University)

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
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Web page: http://www.ramapo.edu/eea/journal.html
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Keywords: Doctors; Health;

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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, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 19608, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Juergen Jung & Chung Tran, 2011. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Working Papers, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales 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, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington 2007-023, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.

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