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The Miracle Drug : Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women

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  • Meltem Daysal, N.

    (Tilburg University, Center For Economic Research)

  • Orsini, C.

Abstract

In an aging society, determining which factors contribute to the employment of older individuals is increasingly important. We examine the impact of medical innovations on the employment of middle-aged women focusing on the specific case of Hormone Replacement Therapy (HRT), a common treatment for the alleviation of negative menopausal symptoms. HRT medications were among the most popular prescriptions in the United States until 2002 when the Women's Health Initiative Study – the largest randomized control trial on women ever undertaken – documented the health risks associated with their long term use. We exploit the release of these findings within a Fixed Effect Instrumental Variable framework to address the endogeneity in HRT use. Our results indicate substantial benefits of HRT use to the short-term employment of middle-aged women.
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Suggested Citation

  • Meltem Daysal, N. & Orsini, C., 2012. "The Miracle Drug : Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women," Discussion Paper 2012-026, Tilburg University, Center for Economic Research.
  • Handle: RePEc:tiu:tiucen:ce29046c-47bf-4f33-87af-34a8864c1aec
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    Cited by:

    1. Jeon, Sung-Hee & Pohl, R. Vincent, 2019. "Medical innovation, education, and labor market outcomes of cancer patients," Journal of Health Economics, Elsevier, vol. 68(C).
    2. Bütikofer, Aline & Cronin, Christopher J. & Skira, Meghan M., 2020. "Employment effects of healthcare policy: Evidence from the 2007 FDA black box warning on antidepressants," Journal of Health Economics, Elsevier, vol. 73(C).
    3. Meltem Daysal N. & Orsini Chiara, 2015. "Spillover Effects of Drug Safety Warnings on Preventive Health Care Use," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(1), pages 1-30, January.
    4. Meltem Daysal, N. & Orsini, C., 2012. "Spillover Effects of Drug Safety Warnings on Health Behavior," Discussion Paper 2012-025, Tilburg University, Center for Economic Research.

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    More about this item

    Keywords

    Employment of middle-aged women; Drug safety;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • H8 - Public Economics - - Miscellaneous Issues
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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