TY - JOUR
T1 - The Economic Burden of Chronic Diseases: Estimates and Projections for China, Japan, and South Korea
AU - Bloom, David E.
AU - Chen, Simiao
AU - Kuhn, Michael
AU - McGovern, Mark
AU - Oxley, Les
AU - Prettner, Klaus
PY - 2020
Y1 - 2020
N2 - We propose a novel framework to analyze the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic burden of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike earlier 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, chronic respiratory diseases, diabetes, and mental health conditions). Overall, total losses associated with these diseases over the period 2010–2030 are (measured in real USD with the base year 2010) estimated to be $7.7 trillion for China, $3.5 trillion for Japan, and $1 trillion for South Korea.
AB - We propose a novel framework to analyze the macroeconomic impact of non-communicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic burden of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike earlier 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, chronic respiratory diseases, diabetes, and mental health conditions). Overall, total losses associated with these diseases over the period 2010–2030 are (measured in real USD with the base year 2010) estimated to be $7.7 trillion for China, $3.5 trillion for Japan, and $1 trillion for South Korea.
UR - https://www.sciencedirect.com/science/article/pii/S2212828X18300744
U2 - 10.1016/j.jeoa.2018.09.002
DO - 10.1016/j.jeoa.2018.09.002
M3 - Journal article
SN - 2212-828X
VL - 17
JO - Journal of the Economics of Ageing
JF - Journal of the Economics of Ageing
IS - 10016
ER -