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Will a Shrink Make you Richer? Gender Differences in the Effects of Psychotherapy on Labour Efficiency

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  • Cozzi, Guido
  • Galli, Silvia
  • Mantovan, Noemi

Abstract

This paper provides a first theoretical and empirical analysis of the effects of psychotherapy on individual productivity. We build a simple model in which a deterioration of mental health endogenously causes a decrease in productivity, which is counterbalanced by psychotherapy. We test our hypotheses on the British Household Panel Survey data. We find that individuals suffering from mental health problems benefit economically from consulting a psychotherapist. Moreover, we find that the returns are higher for men than for women, even though women are more likely to seek help.

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  • Cozzi, Guido & Galli, Silvia & Mantovan, Noemi, 2017. "Will a Shrink Make you Richer? Gender Differences in the Effects of Psychotherapy on Labour Efficiency," MPRA Paper 81597, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:81597
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    Cited by:

    1. Cozzi, Guido & Francesconi, Marco & Lundberg, Shelly & Mantovan, Noemi & Sauer, Robert M., 2018. "Advancing the economics of gender: New insights and a roadmap for the future," European Economic Review, Elsevier, vol. 109(C), pages 1-8.

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    More about this item

    Keywords

    Gender Differences; Mental Health; Wage Gap.;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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