Stay healthy - will the rest follow? The impact of health on wages in Russia

Marina Kartseva and P. Kuznetsova
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P. Kuznetsova: Institute for Social Analysis and Forecasting at RANEPA, Moscow, Russia

Journal of the New Economic Association, 2022, vol. 57, issue 5, 55-70

Abstract: In this article, we analyze the impact of health on wages in Russia in 2012-2019, using the data from the RLMS-HSE survey. As a measure of health impact we consider hour wages. Health is estimated by means of self-assessed health data. We use a Minner-type wage equation. To take into account self-selection, we use the Heckman procedure to deal with the unobservable heterogeneity; we employ the panel structure of the RLMS-HSE data. The impact of health on hour wages in Russia is significant, but not great: good and very good health corresponds to an increase in earnings of 2-5% compared to average health for men and 1-3% for women. Bad health significantly reduces wages, but when self-selection is taken into account, its effect becomes insignificant. The impact of health on wages is markedly increased for groups with a low level of education, which, in our opinion, may indicate a greater importance of health for unskilled and physical labor. The robustness of our results was tested using an alternative data source.

Keywords: health; wages; education; gender; RLMS-HSE (search for similar items in EconPapers)
JEL-codes: I1 J16 J24 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2022:i:57:p:55-70

DOI: 10.31737/2221-2264-2022-57-5-4

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