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来源类型Working Paper
规范类型报告
DOI10.3386/w23963
来源IDWorking Paper 23963
The Lifetime Costs of Bad Health
Mariacristina De Nardi; Svetlana Pashchenko; Ponpoje Porapakkarm
发表日期2017-10-30
出版年2017
语种英语
摘要What generates the observed differences in economic outcomes by health? How costly it is to be unhealthy? We show that health dynamics are largely driven by ex-ante fixed heterogeneity, or health types, even when controlling for one's past health history. In fact, health types are the key driver of long spells of bad health. We incorporate these rich health dynamics in an estimated structural model and show that health types and their correlation with other fixed characteristics are important to account for the observed gap in economic outcomes by health. Monetary and welfare losses due to bad health over the life cycle are large, concentrated, and to a large extent due to factors pre-determined earlier in life. A large portion of the related monetary costs is due to income losses, especially for people of working age, while a substantial portion of the welfare losses arises because health affects life expectancy.
主题Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w23963
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581637
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Mariacristina De Nardi,Svetlana Pashchenko,Ponpoje Porapakkarm. The Lifetime Costs of Bad Health. 2017.
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