IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v55y2022i4p461-476.html
   My bibliography  Save this article

Heart Disease and The Economic Contributions of Elderly Men and Women: Evidence from Australia

Author

Listed:
  • Marie Ishida
  • Teralynn Ludwick
  • Ajay Mahal

Abstract

Macroeconomic forecasts and program evaluations of health service interventions are pessimistic about ageing populations, given their low work participation and high demand for social services. We estimate the impact of heart disease on paid work and the value of unpaid non‐market activities of the Australian elderly, using Household, Income and Labour Dynamics in Australia (HILDA) data, finding significant losses in the value of their contributions to adult care and voluntary work. Impacts on non‐market contributions of older women were more significant than for older men. A broader perspective on the value of the contributions made by the elderly is needed to enhance efficiency and (gender) equality.

Suggested Citation

  • Marie Ishida & Teralynn Ludwick & Ajay Mahal, 2022. "Heart Disease and The Economic Contributions of Elderly Men and Women: Evidence from Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 55(4), pages 461-476, December.
    • Handle: RePEc:bla:ausecr:v:55:y:2022:i:4:p:461-476
    DOI: 10.1111/1467-8462.12489
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8462.12489
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8462.12489?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Roy, Kakoli & Ziemek, Susanne, 2000. "On the Economics of Volunteering," Discussion Papers 281245, University of Bonn, Center for Development Research (ZEF).
    2. David E. Bloom & David Canning & Günther Fink, 2010. "Implications of population ageing for economic growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 583-612, Winter.
    3. Kotschy, Rainer, 2021. "Health dynamics shape life-cycle incomes," Journal of Health Economics, Elsevier, vol. 75(C).
    4. Casper Worm Hansen & Holger Strulik, 2017. "Life expectancy and education: evidence from the cardiovascular revolution," Journal of Economic Growth, Springer, vol. 22(4), pages 421-450, December.
    5. Brazier, John & Roberts, Jennifer & Deverill, Mark, 2002. "The estimation of a preference-based measure of health from the SF-36," Journal of Health Economics, Elsevier, vol. 21(2), pages 271-292, March.
    6. Patrick Laplagne & Maurice Glover & Anthony Shomos, 2007. "Effects of Health and Education on Labour Force Participation," Staff Working Papers 0704, Productivity Commission, Government of Australia.
    7. Pilar García-Gómez & Hans van Kippersluis & Owen O’Donnell & Eddy van Doorslaer, 2013. "Long-Term and Spillover Effects of Health Shocks on Employment and Income," Journal of Human Resources, University of Wisconsin Press, vol. 48(4), pages 873-909.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rainer Kotschy & David E. Bloom & Andrew J. Scott & Rainer Franz Kotschy, 2024. "On the Limits of Chronological Age," CESifo Working Paper Series 11451, CESifo.
    2. Swensen, Isaac D. & Urban, Carly, 2023. "Literature Review on the Effect of Physical and Mental Health on Financial Well-Being," IZA Policy Papers 198, Institute of Labor Economics (IZA).
    3. Kotschy, Rainer, 2022. "Health improvements impact income inequality," The Journal of the Economics of Ageing, Elsevier, vol. 22(C).
    4. Harris, M.N. & Zhao, X. & Zucchelli, E., 2016. "The dynamics of health and labour market transitions at older ages: evidence from a multi-state model," Health, Econometrics and Data Group (HEDG) Working Papers 16/30, HEDG, c/o Department of Economics, University of York.
    5. Majmudar, Ishani Kartik & Mihalopoulos, Cathy & Abimanyi-Ochom, Julie & Mohebbi, Mohammadreza & Engel, Lidia, 2024. "The association between loneliness with health service use and quality of life among informal carers in Australia," Social Science & Medicine, Elsevier, vol. 348(C).
    6. Samer A. Kharroubi & Yara Beyh & Marwa Diab El Harake & Dalia Dawoud & Donna Rowen & John Brazier, 2020. "Examining the Feasibility and Acceptability of Valuing the Arabic Version of SF-6D in a Lebanese Population," IJERPH, MDPI, vol. 17(3), pages 1-15, February.
    7. Nick Bansback & Huiying Sun & Daphne P. Guh & Xin Li & Bohdan Nosyk & Susan Griffin & Paul G. Barnett & Aslam H. Anis, 2008. "Impact of the recall period on measuring health utilities for acute events," Health Economics, John Wiley & Sons, Ltd., vol. 17(12), pages 1413-1419.
    8. Patrick A. Imam & Mr. Christian Schmieder, 2024. "Aging Gracefully: Steering the Banking Sector through Demographic Shifts," IMF Working Papers 2024/118, International Monetary Fund.
    9. Natalia Hernández-Segura & Alba Marcos-Delgado & Arrate Pinto-Carral & Tania Fernández-Villa & Antonio J. Molina, 2022. "Health-Related Quality of Life (HRQOL) Instruments and Mobility: A Systematic Review," IJERPH, MDPI, vol. 19(24), pages 1-23, December.
    10. Clarke, Philip & Erreygers, Guido, 2020. "Defining and measuring health poverty," Social Science & Medicine, Elsevier, vol. 244(C).
    11. Patrick A. Imam, 2015. "Shock from Graying: Is the Demographic Shift Weakening Monetary Policy Effectiveness," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 20(2), pages 138-154, March.
    12. Richard Grieve & Marina Grishchenko & John Cairns, 2009. "SF-6D versus EQ-5D: reasons for differences in utility scores and impact on reported cost-utility," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 10(1), pages 15-23, February.
    13. Costantini, Valeria & Sforna, Giorgia, 2020. "A dynamic CGE model for jointly accounting ageing population, automation and environmental tax reform. European Union as a case study," Economic Modelling, Elsevier, vol. 87(C), pages 280-306.
    14. Son Nghiem & Rasheda Khanam & Xuan-Binh Vu & Bach Xuan Tran, 2020. "Implicitly Estimating the Cost of Mental Illness in Australia: A Standard-of-Living Approach," Applied Health Economics and Health Policy, Springer, vol. 18(2), pages 261-270, April.
    15. Nikolova, Milena & Roman, Monica & Zimmermann, Klaus F., 2017. "Left behind but doing good? Civic engagement in two post-socialist countries," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 658-684.
    16. Riekhoff, Aart-Jan & Vaalavuo, Maria, 2021. "Health shocks and couples’ labor market participation: A turning point or stuck in the trajectory?," Social Science & Medicine, Elsevier, vol. 276(C).
    17. Gehringer, Agnieszka & Prettner, Klaus, 2019. "Longevity And Technological Change," Macroeconomic Dynamics, Cambridge University Press, vol. 23(4), pages 1471-1503, June.
    18. Miguel A. Garcia-Gordillo & Daniel Collado-Mateo & Pedro R. Olivares & José C. Adsuar, 2018. "Chilean population norms derived from the health-related quality of Life SF-6D," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 19(5), pages 675-686, June.
    19. Andreas Irmen, 2021. "Automation, growth, and factor shares in the era of population aging," Journal of Economic Growth, Springer, vol. 26(4), pages 415-453, December.
    20. David Vázquez Guzman, 2012. "A comparative study of well-being for elders in Mexico and England," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 9, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 09 Dec 2012.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecr:v:55:y:2022:i:4:p:461-476. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.