title: Goods-Time Elasticity of Substitution in Health Production.
abstract: We examine how inputs for health production, in particular, medical care and health-enhancing time, are combined to improve health. The estimated elasticity of substitution from a constant elasticity of substitution production function is significantly less than one for the working-age population, rejecting the unit elasticity of substitution used in previous studies. Copyright © 2016 John Wiley & Sons, Ltd.
authors.affiliation: Department of Economics, Old Dominion University, Norfolk, VA, USA.
authors.forename: Juan
authors.initials: J
authors.lastname: Du
authors.affiliation: Department of Economics, Old Dominion University, Norfolk, VA, USA.
authors.forename: Takeshi
authors.initials: T
authors.lastname: Yagihashi
mesh_terms: D005102:Health Expenditures; D006301:Health Services Needs and Demand / Q000191:economics*; D006801:Humans; D007348:Insurance, Health / Q000191:economics*; D018803:Models, Economic
keywords: elasticity of substitution; health production; leisure; medical spending