The impact of new drug launches on the loss of labor from disease and injury: evidence from German panel data

被引：1

作者：

Bui, Van ^{[2
]}

Stolpe, Michael ^{[1
]}

机构：

[1] Kiel Inst World Econ, D-24100 Kiel, Germany

[2] Max Planck Inst Demog Res, D-18057 Rostock, Germany

来源：

INTERNATIONAL JOURNAL OF HEALTH CARE FINANCE & ECONOMICS | 2010年 / 10卷 / 04期

关键词：

Medical technology; Early retirement; Rehabilitation services; Pension reform; Pseudo-panel data; ERROR-COMPONENTS; COMPETING RISKS; MODELS; LONGEVITY; EQUATIONS;

D O I：

10.1007/s10754-010-9083-1

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We study the impact of new drug launches on early retirement due to disease and injury in the German labor force between 1988 and 2004. We show that new drug launches have substantially helped to reduce the loss of labor at the disease-level over time. In Western Germany alone, each new chemical entity is estimated to have saved on average around 200 working years in every year of the observation period. Controlling for individual determinants of retirement, the 2001 reform of pension laws appears to have led to further reductions in the loss of labor from disease and injury.

引用

页码：315 / 346

页数：32

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