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Should the Grossman model of investment in health capital retain its iconic status?

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  • Audrey Laporte

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  • Audrey Laporte, 2014. "Should the Grossman model of investment in health capital retain its iconic status?," Working Papers 140003, Canadian Centre for Health Economics, revised Jan 2015.
    • Handle: RePEc:cch:wpaper:140003
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    File URL: http://www.canadiancentreforhealtheconomics.ca/wp-content/uploads/2015/01/Laporte-R.pdf
    File Function: Revised version, 2015
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    References listed on IDEAS

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    1. Cropper, M L, 1977. "Health, Investment in Health, and Occupational Choice," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1273-1294, December.
    2. Katerina Koka & Audrey Laporte & Brian Ferguson, 2014. "Theoretical Simulation in Health Economics: An application to Grossman's Model of Investment in Health Capital," Working Papers 140010, Canadian Centre for Health Economics.
    3. Galama, Titus & Kapteyn, Arie, 2011. "Grossman’s missing health threshold," Journal of Health Economics, Elsevier, vol. 30(5), pages 1044-1056.
    4. Galama, T. & Hullegie, P. & Meijer, E. & Outcault, S., 2012. "Empirical evidence for decreasing returns to scale in a health capital model," Health, Econometrics and Data Group (HEDG) Working Papers 12/05, HEDG, c/o Department of Economics, University of York.
    5. Ehrlich, Isaac & Chuma, Hiroyuki, 1990. "A Model of the Demand for Longevity and the Value of Life Extension," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 761-782, August.
    6. Titus J. Galama & Patrick Hullegie & Erik Meijer & Sarah Outcault, 2012. "Is There Empirical Evidence For Decreasing Returns To Scale In A Health Capital Model?," Health Economics, John Wiley & Sons, Ltd., vol. 21(9), pages 1080-1100, September.
    7. Léonard,Daniel & Long,Ngo van, 1992. "Optimal Control Theory and Static Optimization in Economics," Cambridge Books, Cambridge University Press, number 9780521331586.
    8. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
    9. Andrew Jones & Audrey Laporte & Nigel Rice & Eugenio Zucchelli, 2014. "A Synthesis of the Grossman and Becker-Murphy Models of Health and Addiction: Theoretical and Empirical Implications," Working Papers 140007, Canadian Centre for Health Economics.
    10. Arthur J. Robson & Hillard S. Kaplan, 2007. "Why do We Die? Economics, Biology and Aging," American Economic Review, American Economic Association, vol. 97(2), pages 492-495, May.
    11. Audrey Laporte & Brian Ferguson, 2007. "Investment in health when health is stochastic," Journal of Population Economics, Springer;European Society for Population Economics, vol. 20(2), pages 423-444, April.
    12. Robert Kaestner, 2013. "The Grossman model after 40 years: a reply to Peter Zweifel," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 14(2), pages 357-360, April.
    13. Galama, T. & Hullegie, P. & Meijer, E. & Outcault, S., 2012. "Empirical evidence for decreasing returns to scale in a health capital model," Health, Econometrics and Data Group (HEDG) Working Papers 12/05, HEDG, c/o Department of Economics, University of York.
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    Cited by:

    1. Caputo, Michael R., 2021. "New insights in the canonical model of health capital," Mathematical Social Sciences, Elsevier, vol. 110(C), pages 23-33.

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    More about this item

    Keywords

    Health economics; grossman model; theoretical framework;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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