The impact of health on wages

Economic theoretical models suggest that health, as a component of human capital, affects wages through productivity. However, during economic downturns, circumstances like increased presenteeism and scarcer promotion opportunities can blur this relationship. We use a variety of estimators on Europe...

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Detalles Bibliográficos
Autores: Flores, Manuel|||0000-0002-0030-5504, Fernández, Melchor, Pena-Boquete, Yolanda
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:318085
Acceso en línea:https://ddd.uab.cat/record/318085
https://dx.doi.org/urn:doi:10.1093/oep/gpz033
Access Level:acceso abierto
Palabra clave:SDG 3 - Good Health and Well-being
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spelling The impact of health on wagesevidence from Europe before and during the Great RecessionFlores, Manuel|||0000-0002-0030-5504Fernández, MelchorPena-Boquete, YolandaSDG 3 - Good Health and Well-beingEconomic theoretical models suggest that health, as a component of human capital, affects wages through productivity. However, during economic downturns, circumstances like increased presenteeism and scarcer promotion opportunities can blur this relationship. We use a variety of estimators on European individual-level panel data from before and during the Great Recession (GR) to investigate if the health-wage relationship varies with economic conditions. Our results show that, in the period prior to the GR, working-age men and women who are in relatively better health (as measured by a one-unit increase in a health index) have, correspondingly, a 6% and 5% higher hourly wage rate, on average. Instead, during the GR, the positive impact of health on wages disappears. This finding, we argue, could be due to an increase in presenteeism during the GR, which reduced the impact of poor health on wages in the short run. 22020-01-0120202020-01-01Articlehttp://purl.org/coar/resource_type/c_6501AOhttp://purl.org/coar/version/c_b1a7d7d4d402bcceinfo:eu-repo/semantics/articleapplication/pdfhttps://ddd.uab.cat/record/318085https://dx.doi.org/urn:doi:10.1093/oep/gpz033reponame:Dipòsit Digital de Documents de la UABinstname:Universitat Autònoma de BarcelonaInglésengMinisterio de Economía y Competitividad https://doi.org/10.13039/501100003329 TIN2014-55183-Ropen accesshttp://purl.org/coar/access_right/c_abf2Aquest material està protegit per drets d'autor i/o drets afins. Podeu utilitzar aquest material en funció del que permet la legislació de drets d'autor i drets afins d'aplicació al vostre cas. Per a d'altres usos heu d'obtenir permís del(s) titular(s) de drets.https://rightsstatements.org/vocab/InC/1.0/info:eu-repo/semantics/openAccessoai:ddd.uab.cat:3180852026-06-06T12:50:31Z
dc.title.none.fl_str_mv The impact of health on wages
evidence from Europe before and during the Great Recession
title The impact of health on wages
spellingShingle The impact of health on wages
Flores, Manuel|||0000-0002-0030-5504
SDG 3 - Good Health and Well-being
title_short The impact of health on wages
title_full The impact of health on wages
title_fullStr The impact of health on wages
title_full_unstemmed The impact of health on wages
title_sort The impact of health on wages
dc.creator.none.fl_str_mv Flores, Manuel|||0000-0002-0030-5504
Fernández, Melchor
Pena-Boquete, Yolanda
author Flores, Manuel|||0000-0002-0030-5504
author_facet Flores, Manuel|||0000-0002-0030-5504
Fernández, Melchor
Pena-Boquete, Yolanda
author_role author
author2 Fernández, Melchor
Pena-Boquete, Yolanda
author2_role author
author
dc.subject.none.fl_str_mv SDG 3 - Good Health and Well-being
topic SDG 3 - Good Health and Well-being
description Economic theoretical models suggest that health, as a component of human capital, affects wages through productivity. However, during economic downturns, circumstances like increased presenteeism and scarcer promotion opportunities can blur this relationship. We use a variety of estimators on European individual-level panel data from before and during the Great Recession (GR) to investigate if the health-wage relationship varies with economic conditions. Our results show that, in the period prior to the GR, working-age men and women who are in relatively better health (as measured by a one-unit increase in a health index) have, correspondingly, a 6% and 5% higher hourly wage rate, on average. Instead, during the GR, the positive impact of health on wages disappears. This finding, we argue, could be due to an increase in presenteeism during the GR, which reduced the impact of poor health on wages in the short run.
publishDate 2020
dc.date.none.fl_str_mv 2
2020-01-01
2020
2020-01-01
dc.type.none.fl_str_mv Article
http://purl.org/coar/resource_type/c_6501
AO
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dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.none.fl_str_mv https://ddd.uab.cat/record/318085
https://dx.doi.org/urn:doi:10.1093/oep/gpz033
url https://ddd.uab.cat/record/318085
https://dx.doi.org/urn:doi:10.1093/oep/gpz033
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Ministerio de Economía y Competitividad https://doi.org/10.13039/501100003329 TIN2014-55183-R
dc.rights.none.fl_str_mv open access
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https://rightsstatements.org/vocab/InC/1.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
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eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Dipòsit Digital de Documents de la UAB
instname:Universitat Autònoma de Barcelona
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