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The Labor Market Value of Health Improvements

Author

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  • Bhattacharya Jay

    (Stanford University and NBER)

  • Lakdawalla Darius Noshir

    (RAND)

Abstract

We analyze the value to the labor force of improvements in survival and health over the years 1970 to 1999. We find that survival gains and reductions in the number of work-days missed due to poor health have added about 8 percent to the remaining labor force value of black males, and about the same to the value of 60 year-old white males. This is almost as large an effect as a full year of schooling. Gains for younger white males appear to be approximately 5%, and gains for women are around 2%. Overall, health improvements have added $1.5 trillion to the value of labor market human capital over this period.

Suggested Citation

  • Bhattacharya Jay & Lakdawalla Darius Noshir, 2006. "The Labor Market Value of Health Improvements," Forum for Health Economics & Policy, De Gruyter, vol. 9(2), pages 1-23, January.
    • Handle: RePEc:bpj:fhecpo:v:biomedical_research:y:2006:n:2
    DOI: 10.2202/1558-9544.1003
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    Cited by:

    1. Ronald Kumar & Madhukar Singh, 2014. "Role of health expenditure and ICT in a small island economy: a study of Fiji," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2295-2311, July.
    2. Kerry McGeary, 2009. "How do health shocks influence retirement decisions?," Review of Economics of the Household, Springer, vol. 7(3), pages 307-321, September.
    3. Karen Eggleston & Brian K. Chen & Chih-Hung Chen & Ying Isabel Chen & Talitha Feenstra & Toshiaki Iizuka & Janet Tin Kei Lam & Gabriel M. Leung & Jui-fen Rachel Lu & Beatriz Rodriguez-Sanchez & Jeroen, 2020. "Are quality-adjusted medical prices declining for chronic disease? Evidence from diabetes care in four health systems," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 21(5), pages 689-702, July.

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