Evaluating health care costs

By Henry J. Aaron. 2013

181 citations recorded by the source corpus.

How researchers see this paper

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GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models (2023, background): “The connection between productivity growth in the past decade and overall LLM exposure appears weak, suggesting a potential optimistic case that future productivity gains from LLMs may not exacerbate possible cost disease eﬀects (Baumol, 2012; Aghion et al., 2018).”
Generic and Specific Skills as Components of Human Capital: New Challenges for Education Theory and Practice (2019, background): “In the education sector, this phenomenon points to low productivity growth [Baumol, 2012] and a major crisis in the efficiency of the nation’s economy as a whole.”
Welfare systems without economic growth: A review of the challenges and next steps for the field (2021, background): “manufacturing sector, but does not do so (or does so to a lesser extent) in the services sector, then the cost of services will increase, relative to the cost of manufactured goods (Baumol, 2012).”
The future of skills: employment in 2030 (2017, background): “• The presence of health and education-related and other service occupations is consistent with Baumol’s cost disease hypothesis – that is, lower productivity growth sectors should be expected to experience increasing workforce shares for a given increase in demand (Baumol et al., 2012).”