Grossman model of health demand

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:assumes health can be increased by investment
health depreciates over time
health increases productivity
health is both consumption and investment good
health provides utility
individuals invest in health
individuals maximize lifetime utility
gptkbp:basisFor subsequent health capital models
gptkbp:describes demand for health
gptkbp:field health economics
https://www.w3.org/2000/01/rdf-schema#label Grossman model of health demand
gptkbp:influenced health policy analysis
healthcare demand modeling
gptkbp:introducedIn 1972
gptkbp:investmentIncludes medical care
time spent on health-improving activities
gptkbp:proposedBy gptkb:Michael_Grossman
gptkbp:publishedIn gptkb:Journal_of_Political_Economy
gptkbp:relatedTo human capital theory
gptkbp:treatsHealthAs capital good
gptkbp:bfsParent gptkb:Michael_Grossman
gptkbp:bfsLayer 6