Is American Pet Health Care (Also) Uniquely Inefficient?

14 Pages Posted: 26 Sep 2016

See all articles by Liran Einav

Liran Einav

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Amy Finkelstein

Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER)

Atul Gupta

Stanford University

Date Written: September 2016

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.

Suggested Citation

Einav, Liran and Finkelstein, Amy and Gupta, Atul, Is American Pet Health Care (Also) Uniquely Inefficient? (September 2016). NBER Working Paper No. w22669. Available at SSRN: https://ssrn.com/abstract=2843382

Liran Einav (Contact Author)

Stanford University - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Amy Finkelstein

Massachusetts Institute of Technology (MIT) - Department of Economics ( email )

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617-868-7242 (Fax)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Atul Gupta

Stanford University ( email )

Stanford, CA 94305
United States

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