Does improved health impact earnings?

According to a recent paper by Stephens and Toohey (2022), the answer is ‘yes’. This paper examines the labor market effects of a randomized health intervention of working-age men that was focused on reducing mortality due to coronary heart disease, the leading cause of death in the United States. MRFIT succeeded in improving the health…

Food insecurity among health care workers

When you think of health care workers, many think of physicians, nurses and hospital administrators, who often make an above average salary. Not all health care workers, however, are well-paid and many even suffer from food insecurity according to a study by Srinivasan et al. (2021): Using nationally representative data from the period 2013–18, this…

Statistics on health care labor

On this Labor Day, below find some interesting statistics from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) on health care wages and employment. From the first graph, one can see that health care practitioners (e.g., physicians, nurse) have much higher wages than average but health care support workers (e.g., ) have…

Effect of multiple sclerosis on income

Typically, people focus on how severe diseases affect their health.  Clearly, however, poor health also can affect people’s income as well as some disease makes holding a job difficult or impossible.  Even people in good health with serious diseases may lower income if they need to miss work frequently for frequent doctor’s appointments. In fact,…

Machine learning and physician employement

An article by Ajay Agrawal and Avi Goldfarb (“The Simple Economics of Machine Intelligence“) provide an interesting perspective on how machine learning will affect employment with a nice example from the health care sector. All human activities can be described by five high-level components: data, prediction, judgment, action, and outcomes. For example, a visit to the…