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NBER Working Papers and Publications
|July 2017||The Economic Burden of Chronic Diseases: Estimates and Projections for China, Japan, and South Korea|
with David E. Bloom, Michael Kuhn, Mark E. McGovern, Les Oxley, Klaus Prettner: w23601
We propose a novel framework to analyse the macroeconomic impact of noncommunicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike previously adopted frameworks, this approach allows us to account for i) variations in human capital for workers in different age groups, ii) mortality and morbidity effects of non-communicable diseases, and iii) the treatment costs of diseases. We apply our methodology to China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular diseases, cancer, respiratory diseases, diabetes, and mental health conditions)....