Investigators at NBER Discuss Findings in Economics (Education and family health care spending)

By a News Reporter-Staff News Editor at Economics Week -- Fresh data on Economics are presented in a new report. According to news reporting originating from Piscataway, New Jersey, by VerticalNews correspondents, research stated, "Michael Grossman's seminal work on the demand for health extended the concept of a household production function to the commodity good health. In this framework, education represents an environmental variable that enhances the monetary returns to investments in health through the use of time and medical care in health production."

Financial support for this research came from Agency for Healthcare Research and Quality.

Our news editors obtained a quote from the research from NBER, "Using data from the 2004 to 2012 Medical Expenditure Panel Survey (MEPS), we examine the association between parental education and family health care spending in single-mother and two-parent families. We estimate one- and two-part expenditure models for total family health care spending, for specific components of such spending, and also examine the impact of parental education on selected measures of family health."

According to the news editors, the research concluded: "Controlling for family income and health insurance status, we find consistent evidence that parental education beyond 12 years of schooling is associated with increases in family health care spending and with reductions in the likelihood of adverse health conditions."

For more information on this research see: Education and family health care spending. Southern Economic Journal, 2018;85(1):71-92. Southern Economic Journal can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA.

The news editors report that additional information may be obtained by contacting A.C. Monheit, NBER, Piscataway, NJ 08854, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/soej.12300. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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