Is American Pet Health Care (Also) Uniquely Inefficient?
Author(s)Einav, Liran; Gupta, Atul; Finkelstein, Amy
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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.
American Economic Review
American Economic Association
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
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