The Miracle Drugs: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women

N. Meltem Daysal and Chiara Orsini ()
Additional contact information
Chiara Orsini: University of Sheffield

No 7993, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In an aging society, determining which factors contribute to the employment of older individuals is increasingly important. We examine the impact of medical innovations on the employment of middle-aged women focusing on the specific case of Hormone Replacement Therapy (HRT), a common treatment for the alleviation of negative menopausal symptoms. HRT medications were among the most popular prescriptions in the United States until 2002 when the Women's Health Initiative Study – the largest randomized control trial on women ever undertaken – documented the health risks associated with their long term use. We exploit the release of these findings within a Fixed Effect Instrumental Variable framework to address the endogeneity in HRT use. Our results indicate substantial benefits of HRT use to the short-term employment of middle-aged women.

Keywords: employment; pharmaceutical treatments; Hormone Replacement Therapy (search for similar items in EconPapers)
JEL-codes: H8 I1 J2 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2014-02
New Economics Papers: this item is included in nep-age, nep-hea, nep-lab and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: The Miracle Drug: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women (2012)
Working Paper: The Miracle Drug: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women (2012)
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