Pet Health Care

In an NBER working paper, Liran Einav, Amy Finkelstein, and Atul Gupta document similarities between healthcare for humans and pets in the US:

(i) rapid growth in spending as a share of GDP over the last two decades; (ii) strong income-spending gradient; (iii) rapid growth in the employment of healthcare providers; and (iv) similar propensity for high spending at the end of life.