Is American Pet Health Care (Also) Uniquely Inefficient?
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aer.p20171087.pdf
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Author(s)
Einav, Liran
Gupta, Atul
Finkelstein, Amy
Date Issued
May 2017
Journal
American Economic Review
Publisher
American Economic Association
Citation
Einav, Liran, Amy Finkelstein, and Atul Gupta. “Is American Pet Health Care (Also) Uniquely Inefficient?” American Economic Review 107, no. 5 (May 2017): 491–495. © 2017 American Economic Association
Version
Final published version
Abstract
We document four similarities between American human healthcare and American pet care: (i) rapid growth in spending as a share of GDP over the last two decades; (ii) strong income-spending gradient; (iii) rapid growth in the employment of healthcare providers; and (iv) similar propensity for high spending at the end of life. We speculate about possible implications of these similar patterns in two sectors that share many common features but differ markedly in institutional features, such as the prevalence of insurance and of public sector involvement.
MIT Department
Massachusetts Institute of Technology. Department of Economics
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Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1257/AER.P20171087
