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Will a shrink make you richer? Gender differences in the effects of psychotherapy on labour efficiency

Guido Cozzi (), Silvia Galli () and Noemi Mantovan ()

European Economic Review, 2018, vol. 109, issue C, 257-274

Abstract: This paper provides a first theoretical and empirical analysis of the effects of psychotherapy on individual productivity. We build a simple model in which a deterioration of mental health endogenously causes a decrease in productivity, which is counterbalanced by psychotherapy. We test our hypotheses on the British Household Panel Survey data. We find that individuals suffering from mental health problems benefit economically from consulting a psychotherapist. Moreover, we find that the returns are higher for men than for women, even though women are more likely to seek help.

Keywords: Psychotherapy; Gender differences; Mental health; Wage gap (search for similar items in EconPapers)
JEL-codes: I12 J16 J31 (search for similar items in EconPapers)
Date: 2018
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Working Paper: Will a Shrink Make you Richer? Gender Differences in the Effects of Psychotherapy on Labour Efficiency (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:109:y:2018:i:c:p:257-274

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