The Impact of Changes in Health Status: An Economywide Analysis for Australia
George Verikios (),
Maureen Rimmer and
Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre
We construct a dynamic, computable general equilibrium model of the Australian economy that incorporates a detailed representation of demographic and health trends of the labour force. We project the economywide effects of changes in the health status of the workforce associated with a change in chronic disease prevalence. Our results show that reductions in chronic disease and the associated rate of health decline of older workers have a much greater effect than similar reductions for younger workers. Traded sectors benefit much more than nontraded sectors, with a consequent improvement in the trade balance and a real depreciation of the exchange rate. The increase in workforce participation also decreases the capital-labour ratio and raises the returns to capital relative to labour.
Keywords: chronic disease; computable general equilibrium; health status; labour supply (search for similar items in EconPapers)
JEL-codes: C68 I15 J11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-cmp and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.copsmodels.com/ftp/workpapr/g-231.pdf Initial version, 2013-02 (application/pdf)
http://www.copsmodels.com/elecpapr/g-231.htm Local abstract: may link to additional material. (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:g-231
Access Statistics for this paper
More papers in Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre Contact information at EDIRC.
Bibliographic data for series maintained by Mark Horridge ().