The Economic Consequences of Debilitating Illness: The Case of Multiple Sclerosis
Robert P Inman
The Review of Economics and Statistics, 1987, vol. 69, issue 4, 651-60
Abstract:
The economic consequences of debilitating illness are defined and then estimated for one such illness--multiple sclerosis. Economic losses are defined as the consumption losses to the affected household because of illness. These losses are measured as the change in earnings of all family members plus the increase in gross (not out-of-pocket) medical costs. Earnings models are specified and estimated, and gross medical costs calculated for multiple sclerosis. The average annual loss to the multiple sclerosis household is $5,336 per year in 1976 dollars; the estimated aggregate decline in consumption for the year 1976 was $0.656 billion. Lifetime costs (discounting by 0.06) total $207,200 per multiple sclerosis household and $25.50 billion for society as a whole for the current (1976) pool of multiple sclerosis patients, and $30.45 billion for all future multiple sclerosis patients. Copyright 1987 by MIT Press.
Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
http://links.jstor.org/sici?sici=0034-6535%2819871 ... O%3B2-B&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:tpr:restat:v:69:y:1987:i:4:p:651-60
Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535
Access Statistics for this article
The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu
More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().