Is American Pet Health Care (Also) Uniquely Inefficient?

Liran Einav, Amy Finkelstein and Atul Gupta

No 22669, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: H51 I1 I13 (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-ias
Note: AG EH PE
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Citations: View citations in EconPapers (1)

Published as Liran Einav & Amy Finkelstein & Atul Gupta, 2017. "Is American Pet Health Care (Also) Uniquely Inefficient?," American Economic Review, vol 107(5), pages 491-495.

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