The Time Price of Medical Care
用计量模型估算预付费医疗计划成员就医的时间价值，发现全职工作者接近中位工资，病假会显著降低时间价值，忽略时间价格可能导致误导性分析和政策建议。
An econometric mod el is used to impute the value of time in the demand for medical care for member s of a prepaid group practice medical care program. Separate estimates are obtai ned for: (1) individuals who were employed full time, (2) housewives, and (3) ti me associated with taking children to a doctor. For individuals who were employe d full time, the estimate was close to the median wage rate. Sick leave was esti mated to substantially reduce the value of time. It was concluded that ignoring the time price of medical care may result in misleading statistical analysis and mistaken policy recommendations. Copyright 1987 by MIT Press.