Modelling the cost of ill health in Health&WealthMOD (Version II): lost labour force participation, income and taxation, and the impact of disease prevention

Schofield, Deborah, Shrestha, Rupendra, Callander, Emily, Pervical, Richard, Kelly, Simon, Passey, Megan, and Fletcher, Susan (2011) Modelling the cost of ill health in Health&WealthMOD (Version II): lost labour force participation, income and taxation, and the impact of disease prevention. International Journal of Microsimulation, 4 (3). pp. 32-36.

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Abstract

This paper provides a detailed description of the construction of Health&WealthMOD (Version II). It is Australia’s only microsimulation model of health and illness and their impacts on labour force participation, income, wealth and government revenue and expenditure. In this paper, we describe Health&WealthMOD (Version II) and its architecture, the application of the model, and some of the results it has produced.

Item ID: 41393
Item Type: Article (Research - C1)
ISSN: 1747-5864
Keywords: Health&WealthMOD; cost of ill health; lost labour force participation; income; taxation; disease prevention
Date Deposited: 01 Dec 2015 01:22
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140208 Health Economics @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910209 Preference, Behaviour and Welfare @ 50%
92 HEALTH > 9204 Public Health (excl. Specific Population Health) > 920408 Health Status (e.g. Indicators of Well-Being) @ 50%
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