The macroeconomic burden of noncommunicable diseases in the United States: Estimates and projections.

ABSTRACT: We develop and calibrate a dynamic production function model to assess how noncommunicable diseases (NCDs) will affect U.S. productive capacity in 2015-2050. In this framework, aggregate output is produced according to a human capital-augmented production function that accounts for the effects of projected disease prevalence. NCDs influence the economy through the following pathways: 1) when working-age individuals die of a disease, aggregate output undergoes a direct loss because physical capital can only partially substitute for the loss of human capital in the production process. 2) If working-age individuals suffer from a disease but do not die from it, then, depending on the condition's severity, they tend to be less productive, might work less, or might retire earlier. 3) Current NCD

SUBMITTER: Chen S 

PROVIDER: S-EPMC6211719 | biostudies-literature | 2018

REPOSITORIES: biostudies-literature