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The Value of Health: 1970-1990

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  • Cutler, David M
  • Richardson, Elizabeth

Abstract

Given 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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Suggested Citation

  • Cutler, David M & Richardson, Elizabeth, 1998. "The Value of Health: 1970-1990," American Economic Review, American Economic Association, vol. 88(2), pages 97-100, May.
  • Handle: RePEc:aea:aecrev:v:88:y:1998:i:2:p:97-100
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    1. repec:mes:challe:v:33:y:1990:i:3:p:56-58 is not listed on IDEAS
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    1. David M. Cutler & Elizabeth Richardson, 1999. "Your Money and Your Life: The Value of Health and What Affects It," NBER Chapters,in: Frontiers in Health Policy Research, volume 2, pages 99-132 National Bureau of Economic Research, Inc.
    2. Hsieh, Chee-Ruey & Lo, Te-Fen, 2017. "Are smokers too optimistic about their health status: Ex ante perception versus ex post observation," China Economic Review, Elsevier, vol. 43(C), pages 169-183.
    3. Sherry A. Glied, 2001. "The Value of Reductions in Child Injury Mortality in the United States," NBER Chapters,in: Medical Care Output and Productivity, pages 511-538 National Bureau of Economic Research, Inc.
    4. Loree, Jacob, 2015. "State Level Income Inequality and Individual Self-Reported Health Status: Evidence from the United States," MPRA Paper 72638, University Library of Munich, Germany.
    5. Mansdotter, Anna & Lindholm, Lars & Winkvist, Anna, 2007. "Paternity leave in Sweden--Costs, savings and health gains," Health Policy, Elsevier, vol. 82(1), pages 102-115, June.
    6. Olga Lazareva, 2009. "Health Effects of Occupational Change," Working Papers w0129, Center for Economic and Financial Research (CEFIR).
    7. 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.
    8. Anura Amarasinghe & Gerard D'Souza & Cheryl Brown & Hyungna Oh, 2006. "The Influence of Socioeconomic and Environmental Factors on Health and Obesity in Rural Appalachia," Working Papers Working Paper 2006-12, Regional Research Institute, West Virginia University.
    9. Leonard I. Nakamura, 2009. "Intangible assets and national income accounting: measuring a scientific revolution," Working Papers 09-11, Federal Reserve Bank of Philadelphia.
    10. repec:rri:wpaper:200612 is not listed on IDEAS
    11. Leonard I. Nakamura, 2010. "Intangible Assets And National Income Accounting," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages 135-155, June.
    12. David M. Cutler & Ellen Meara, 2000. "The Technology of Birth: Is It Worth It?," NBER Chapters,in: Frontiers in Health Policy Research, Volume 3, pages 33-68 National Bureau of Economic Research, Inc.
    13. 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.
    14. 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.
    15. repec:spr:jlabre:v:38:y:2017:i:2:d:10.1007_s12122-017-9248-5 is not listed on IDEAS
    16. Dana Rotz & Nan Maxwell & Adam Dunn, "undated". "Economic Self-Sufficiency and Life Stability One Year After Starting a Social Enterprise Job," Mathematica Policy Research Reports 24697e16229b4f6b8fd5763f2, Mathematica Policy Research.
    17. Nan L. Maxwell & Dana Rotz, 2015. "Building the Employment and Economic Self-Sufficiency of the Disadvantaged: The Potential of Social Enterprises," Mathematica Policy Research Reports 37f4ab94fb044cc1945cb04dc, Mathematica Policy Research.

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