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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Economy of Healthcare: Grossman's Model of Demand for Healthcare
 Houska, Petr ; Lešetický, Ondřej (advisor) ; Votava, Libor (referee)
Grossman's model of demand for healthcare has been developed by separating health capital from theory of human capital. According to this model, everybody is an active producer of his or her own health (capital) using purchased healthcare and his/her own time as inputs. People with higher income demand greater amount of health capital to reduce number of sick days. Therefore they invest in healthcare more. On the contrary, people with higher education need to invest less in healthcare, because they are more effective producers of health capital. Data obtained from CZSO (Czech Statistic Office) confirm the validity of Grossman conclusions also in the Czech Republic, although it is a country with compulsory part of investments into health capital - health insurance. People with higher income do try to minimize the outage in income in such a way, that they spend less time on sick leave as people with lower income.
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