The impact of health on wages : evidence from Europe before and during the Great Recession
Flores, Manuel (Universitat Internacional de Catalunya)
Fernández, Melchor (Universidade de Santiago de Compostela)
Pena-Boquete, Yolanda (Universidade de Santiago de Compostela)

Data:	2020
Descripció:	28 pàg.
Resum:	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.
Ajuts:	Ministerio de Economía y Competitividad TIN2014-55183-R
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Llengua:	Anglès
Document:	Article ; recerca ; Versió de l'autor
Matèria:	SDG 3 - Good Health and Well-being
Publicat a:	Oxford Economic Papers, Vol. 72 Núm. 2 (2020) , p. 319-346, ISSN 1464-3812

DOI: 10.1093/oep/gpz033

Preprint 42 p, 1.1 MB

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