Is American Pet Health Care (Also) Uniquely Inefficient?
Amy Finkelstein and
American Economic Review, 2017, vol. 107, issue 5, 491-95
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.
JEL-codes: G22 I11 I13 I18 J44 (search for similar items in EconPapers)
Note: DOI: 10.1257/aer.p20171087
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