He has directed the Health Economics Program at the National Bureau of Economic Research (National Bureau of Economic Research) since 1972. Grossman was an early contributor to New Home Economics (NHE). Grossman received his bachelor"s degree from Trinity College in 1962.
He received his master"s degree from Columbia University, before completing his doctorate in economics in 1970.
In 1966, Grossman was hired as a research assistant by Victor Fuchs at National Bureau of Economic Research. In 1972, he was hired by City University of New York as a visiting assistant professor He earned his professorship in 1978 and in 1988 became Distinguished Professor of Economics.
From 1983 to 1995, he chaired the University"s doctoral economics program Grossman is co-editor of the Review of Economics of the Household and was the inaugural recipient of the Victor Fuchs Award for Lifetime Contributions to the Field of Health Economics, presented by the American Society of Health Economists in 2008.
His 1972 model of health production has been extremely influential in health economics.
Grossman has argued for a causal relationship between schooling and health.
Author: (Book) The Demand for Health: A Theoretical and Empirical Investigation, 1972 (Nomination for Kulp Award of the American Risk and Insurance Association, 1976). Editor: The Economic Analysis of Substance Abuse: An Integration of Econometric and Behavioral Economic Research, 1999, Economic Analysis of Substance Use and Abuse: The Experience of Developed Countries and Lessons for Developing Countries, 2001, Substance Use: Individual Behaviour, Social Interactions, Markets and Politics, 2005. Co-editor: Review of Economics of the Household, since 2005.
Associate editor Journal Health Economics, Amsterdam, Netherlands, since 1982. Contributor articles to professional journals.