Estimated annual and lifetime labor productivity in the United States, 2016: implications for economic evaluations.

ABSTRACT: Background: Human-capital based lifetime productivity estimates are frequently used in cost-of-illness (COI) analyses and, less commonly, in cost-effectiveness analyses (CEAs). Previous US estimates assumed that labor productivity and real earnings both grow by 1% per year. Objectives: This study presents estimates of annual and lifetime productivity for 2016 using data from the American Community Survey, the American Time Use Survey, and the Current Population Survey, and with varying assumptions about real earnings growth. Methods: The sum of market productivity (gross annual personal labor earnings adjusted for employer-paid benefits) and the imputed value of non-market time spent in household, caring, and volunteer services was estimated. The present value of lifet

SUBMITTER: Grosse SD 

PROVIDER: S-EPMC6688510 | biostudies-literature | 2019 Jun

REPOSITORIES: biostudies-literature