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Title: Why Are the Prices So Damn High?

Citation Type: Miscellaneous

Publication Year: 2019

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Abstract: Why are prices in some sectors increasing dramatically even as economy-wide technology and productivity improves? Education and healthcare are notable examples of sectors seemingly stricken by constantly rising prices. Educational expenditures doubled between 1980 and 2005, even as math scores remained flat during that period. Physician and nurse salaries have almost tripled since 1960. At the same time, home appliances and telecommunications have become much cheaper. Why? Is there a common factor that unites sectors. . .

Url: https://www.mercatus.org/publications/healthcare/why-are-prices-so-damn-high

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Authors: Helland, Eric; Tabarrok, Alexander

Publisher: Claremont McKenna College

Data Collections: IPUMS USA

Topics: Other

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