Acute Health Shocks and Labour Market Outcomes

Jones, Andrew M.; Rice, Nigel; Zantomio, Francesca

doi:10.2139/ssrn.2752356

Cited by 11 publications

(20 citation statements)

References 66 publications

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“…Mental health disorders, for instance, raise the likelihood of unemployment and work absenteeism, and atrophied productivity and earnings in long-run (Banerjee, Chatterji, and Lahiri, 2017). Reduced labor supply and job market exit are reported both in the short-and long-runs after stroke and heart attack (Jones, Rice, and Zantomio, 2016).…”

Section: Introductionmentioning

confidence: 99%

Cancer survivors in the labor market: Evidence from recent US micro-panel data

Osmani

Okunade

2019

Economic Modelling

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Section: Introductionmentioning

confidence: 99%

Cancer survivors in the labor market: Evidence from recent US micro-panel data

Osmani

Okunade

2019

Economic Modelling

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“…Meanwhile, Jones at al. [23] find that there is no reduction in hours of work in the year directly after the health shock for either fulltime or part-time workers. They do, however, find a reduction of approximately 2.5 hours in the subsequent year.…”

Section: Why Are These Results Important?mentioning

confidence: 65%

“…Regarding previous studies, the negative effect that health shocks have on employment outcomes have been well documented throughout the world. Evidence from the U.S. [10]; [11]; [12]; [13]; [14]; [15], Australia [16], Canada [17], Denmark [12], Germany [18], the Netherlands [19], Spain [20], the UK [21]; [22]; [23]; [24], and Europe as a whole [25]; [26], shows that health shocks have negative consequences for the probability of working, hours of work, and personal finances. While the definition of a health shock varies greatly by study, a common measure is to define it as suffering from an acute health event such as cancer, heart problems, lung disease, or stroke 1 .…”

Section: Related Literaturementioning

confidence: 99%

The joint effect of health shocks and eligibility for social security on labor supply

Candon

2019

Eur J Health Econ

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This paper investigates whether or not suffering a health shock, and becoming eligible for Social Security, have a joint effect on labor supply. Despite millions of people experiencing both of these events each year, no paper has focused exclusively on the joint effect that these events may have on work outcomes. This is surprising given that experiencing a health shock may impact on how a worker responds to becoming eligible for Social Security. With data from the Health and Retirement Study, I model weekly hours of work as a function of health shocks, Social Security eligibility, and their interaction. I find that this interaction leads to a 3 to 4 hour reduction in weekly hours of work for men but has no effect for women. The results are robust to using different work outcomes, age groups, health shock definitions, subgroups, as well as falsification and placebo tests. The results appear to be driven by men who would have had to return to work with impaired health. Policies that promote a more flexible work situation for older men may alleviate these problems in the future.

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“…22 In addition, our identification of high-risk subgroups may assist in targeting interventions, policies and legislation to promote return to work, [23][24][25] which itself is associated with well-being and life satisfaction among those having these health events. 26 Previous studies have attempted to quantify labour market outcomes associated with acute MI, 27-32 stroke 28,29,[33][34][35][36] and cardiac arrest 37 but had substantial methodological limitations. We and others 28 observed declines over time in employment and earnings among unexposed controls, which is relevant because most previous studies have lacked such controls, leading to a possible overestimation of effects attributable to the health events.…”

Section: Discussionmentioning

confidence: 99%

“…Of the 3 studies that included unexposed controls, 1 was a single-centre study of stroke. 33 The other 2 assessed combined cohorts of acute MI and stroke, 28 or acute MI, stroke and cancer, 29 making interpretation difficult given the large difference in labour market outcomes we observed between those 2 health events. In the previous study most comparable to ours, Fadlon and Nielsen applied matched difference-in-difference analysis to a population-based sample of 92 000 survivors of either acute MI or stroke in Denmark over 31 years.…”

Section: Discussionmentioning

confidence: 99%

Effects of cardiovascular and cerebrovascular health events on work and earnings: a population-based retrospective cohort study

Garland

Jeon

Stepner

et al. 2019

CMAJ

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S erious acute health events can be life-altering, because survivors can experience lasting reductions in functional status and quality of life. The ability to work and earn income-labour market outcomes-are important patientcentred outcomes 1 for individuals of working age, influencing economic well-being, sense of self and quality of life. 2,3 Health events may start a cascade where new disability causes earnings losses, which contribute to cost-related nonadherence to medication, 4 which contributes to worsened and even new health problems. 5,6 Lost productivity and informal care substantially contribute to the economic and societal consequences of health events. 7 Although interventions to ameliorate these consequences may be beneficial, a necessary first step to inform their design and testing is obtaining accurate data on the size of and risk factors for work and earnings losses after common health events in working-age populations. Cardiovascular and cerebrovascular diseases are the most common causes of death worldwide. 8 Specifically, the health events of acute myocardial infarction (MI), cardiac arrest and stroke are common causes of admission to hospital, increasing health care costs, disability and death. 9 One-third of acute MIs, one-quarter of strokes and 40% of cardiac arrests occur in people of working age who are aged 65 years or younger. 10-12 Prior studies of outcomes in the labour market after these health events have had serious methodological limitations or RESEARCH VULNERABLE POPULATIONS

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Acute Health Shocks and Labour Market Outcomes

Cited by 11 publications

References 66 publications

Cancer survivors in the labor market: Evidence from recent US micro-panel data

Cancer survivors in the labor market: Evidence from recent US micro-panel data

The joint effect of health shocks and eligibility for social security on labor supply

Effects of cardiovascular and cerebrovascular health events on work and earnings: a population-based retrospective cohort study

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