Norman H. Edelman
Stony Brook University
Graduate Program in Public Health
Department of Preventive Medicine
Stony Brook, New York, 11794-8036
Institutional Affiliations: Stony Brook University and Columbia University
NBER Working Papers and Publications
|January 2009||The 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 2008||The 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...
Published: Sherry Glied & Ashwin G. Prabhu & Norman Edelman, 2009. "The Cost of Primary Care Doctors," Forum for Health Economics & Policy, Berkeley Electronic Press, vol. 12(1).