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

Author

Listed:
  • 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.

Suggested Citation

  • Thomas Stratman, 1999. "What Do Medical Services Buy? Effects of Doctor Visits on Work Day Loss," Eastern Economic Journal, Eastern Economic Association, vol. 25(1), pages 1-16, Winter.
    • Handle: RePEc:eej:eeconj:v:25:y:1999:i:1:p:1-16
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume25/V25N1P1_16.pdf
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    Citations

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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. Ligane Massamba Séne & Ousmane Badiane, 2016. "Out-of-pocket health payments: a catalyst for agricultural productivity growth, but with potentially impoverishing effects in Senegal," Review of Agricultural, Food and Environmental Studies, Springer, vol. 97(1), pages 29-49, June.
    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, 2016. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 132-159, April.
    5. Gomez, Miguel I. & Ranney, Christine K., 2002. "Effects of Food and Health Spending Patterns on the Health of the Elderly," Working Papers 127306, Cornell University, Department of Applied Economics and Management.
    6. Jung, Juergen & Tran, Chung, 2022. "Social health insurance: A quantitative exploration," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    7. Juergen Jung & Chung Tran, 2008. "The Macroeconomics of Health Savings Accounts," CAEPR Working Papers 2007-023, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    8. Xiaoshu Han, 2006. "Medical Expenditure Puzzle," 2006 Meeting Papers 284, Society for Economic Dynamics.
    9. Juergen Jung & Chung Tran, 2016. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 132-159, April.

    More about this item

    Keywords

    Doctors; Health;

    JEL classification:

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

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