Evaluation of Health Influence upon an Individual’s
Income
Evaluation of Health Influence upon an Individual’s
Income
Author(s): Iveta Pauhófová, Liliya Bukharbaeva, Juliya EgorovaSubject(s): Health and medicine and law, Socio-Economic Research
Published by: SAV - Slovenská akadémia vied - Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: health standard; influence of health upon income; human capital; RLMS; evaluation of health; endogeneity;
Summary/Abstract: Health is a constituent part of an individual’s human capital. Health is interrelated with other constituent parts of human capital including education and experience determining this capital’s efficiency that is an individual’s income. This study of interrelation between health and future income of an individual resulted in a posteriori estimate of the economic consequences borne by changes in the health of an individual. We paid special attention to building variable-based health indices as their objectivity is crucial to obtaining correct simulation results. The results obtained reveal that good health positively influences future income of an individual.
Journal: Ekonomický časopis
- Issue Year: 66/2018
- Issue No: 10
- Page Range: 1051-1064
- Page Count: 14
- Language: English
