Health economics

Alberto Galasso, Hong Luo, 30 October 2019

Higher risk perception may suppress demand for a product class and chill R&D investment, or increase the incentive to innovate risk-mitigating technologies. The column uses media coverage of accidents involving CT scanners to investigate the impact on firm innovation. Higher public risk perception increased patent applications and the rate of new product innovation, even without changes in liability or regulation.

Eric French, 25 October 2019

How much is spent on end-of-life care, and who foots the bill? Eric French of UCL tells Tim Phillips about the total cost of the last year of our lives, and how different countries have very different ideas of who should pay it.

Read about the research at here, and download the VoxEU book about the economics behind ageing, Live Long and Prosper? The Economics of Ageing Populations.

Joan Costa-i-Font, Belén Sáenz de Miera, 20 October 2019

Changes in working hours and the associated time and energy consumed during work can exert an important influence on people’s fitness. However, the effects of such changes on health behaviour and obesity are not well understood. This column examines the effects of a 2001 French national reform that reduced working hours on employee obesity and overweight. Although reduced working times could, in theory, be used for health-promoting activities, in practice it had different effects on white- and blue-collar workers. Policies to reduce working hours alone do not necessarily produce better fitness for everyone.

Timothy J. Layton, Nicole Maestas, Daniel Prinz, Boris Vabson, 17 October 2019

There is much debate, and nowhere more than in the US, about whether public services such as healthcare should be provided by private companies, which may offer greater efficiencies but which are more susceptible to moral hazard and adverse selection of consumers. This column uses evidence from a provision change in Texas to show that contracting healthcare provision out to private companies increased the level of care patients received, but increased overall costs for the government.

David Bloom, 14 October 2019

Population ageing, driven by declining fertility, increasing longevity, and the progression of large-sized cohorts to older ages, is the dominant global demographic trend of the 21st century. This column introduces a new Vox eBook that examines the myriad challenges and economic uncertainties posed by ageing populations. Overall, the contributions suggest that although the challenges are formidable, they are not insurmountable. There is good reason to reject the view that ‘demography is destiny’.

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