NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Norman H. Edelman

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January 2009The Cost of Primary Care Doctors
with Sherry Glied, Ashwin G. Prabhu
in Frontiers in Health Policy Research, volume 12, David Cutler, Alan Garber, and Dana Goldman, organizers
December 2008The Cost of Primary Care Doctors
with Sherry A. Glied, Ashwin Prabhu: w14568
This study uses a human capital model to estimate the societal cost of producing a physician service. Physician human capital consists of the underlying human capital (productivity) of those who become physicians and the job-specific investments (physician training) added to this underlying capital. The value of physicians' underlying human capital is estimated by forecasting an age-earnings profile for doctors based on the characteristics in youth of NLSY cohort participants who subsequently became doctors. Published estimates are used to measure the total cost (wherever paid) of investments in physician training. These data are combined to compute the societal cost per primary care physician visit. The estimated societal cost per primary care physician visit is much higher than the avera...

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Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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