Health economics

Angus Deaton, Nancy Cartwright, 09 November 2016

In recent years, the use of randomised controlled trials has spread from labour market and welfare programme evaluation to other areas of economics, and to other social sciences, perhaps most prominently in development and health economics. This column argues that some of the popularity of such trials rests on misunderstandings about what they are capable of accomplishing, and cautions against simple extrapolations from trials to other contexts.

Mevlude Akbulut-Yuksel, Adriana Kugler, 17 October 2016

Upward social mobility is widely sought but often elusive in highly mobile societies like the US. While previous work has focused on intergenerational transmission of income levels and social prosperity among natives and immigrants, this column studies the intergenerational transmission of health. There is substantial persistence in health status for both natives and immigrants. However, as immigrant families remain in the US for more generations, their children’s health tends to resemble more the health of native children and less the health of their mothers.

Julio J. Elias, Nicola Lacetera, Mario Macis, 15 October 2016

Certain ‘repugnant’ transactions, such as the sale of organs, are prohibited on moral grounds, despite substantial potential efficiency gains. This column uses a survey-based experiment to explore public perceptions of the morality–efficiency trade-off in the context of the US kidney procurement system. Respondents are found to accept higher levels of repugnance for higher levels of efficiency. These results suggest room for efficiency concerns alongside moral and ethical considerations.

Isamu Yamamoto, 14 October 2016

There is ample empirical evidence showing that poor mental health is increasing, but the impact of this on long-run productivity and its implications for the labour market are not well researched. This column outlines two ways in which labour market research can contribute to the study of the impact on mental health of working conditions. It also identifies several channels related to working conditions that affect mental health, and argues that deteriorating mental health adversely affects corporate performance in the long run.

George Wehby, Dhaval Dave, Robert Kaestner, 26 September 2016

Despite ample research on the effects of minimum wage increases on employment, there has been little consensus on the effects of such increases on workers’ broader welfare, and in particular on their health and that of their families. This column analyses comprehensive data from the US on the effects of minimum wage increases on the health of children born to low-income workers. It finds that the increases have a significant positive impact on birth weights. This has important policy implications, with infant health acting as a reliable indicator of future health.

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