Incorporating health status into human capital stocks: an analysis for the UK
This study examines the impact of morbidity on human capital stocks (HCS) with an application to the UK from 1996 to 2018. It incorporates health status into the standard Jorgenson-Fraumeni lifetime earnings measure of HCS through its effect on absenteeism and presenteeism (lost productivity) by taking account of inactivity due to illness and modelling […]