Intro Previously... Grossman model Individuals make choices about their health based on time constraints,budget constraints,and utility Optimal amount of health (H*)changes based on decisions about tradeoffs How does socioeconomic status(SES)affect health and choices about health? Does health determine SES?Or does SES determine health? Use empirical evidence to explore these questions Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Intro  Previously…  Grossman model  Individuals make choices about their health based on time constraints, budget constraints, and utility  Optimal amount of health (H*) changes based on decisions about tradeoffs  How does socioeconomic status (SES) affect health and choices about health?  Does health determine SES? Or does SES determine health?  Use empirical evidence to explore these questions