TUESDAY 30 NOVEMBER 2021, 1-2pm: DEPARTMENTAL WEBINAR SERIES
Dr Richard Frank, Senior Fellow in Economic Studies at the Brookings Institution and Director of the USC-Brookings Schaeffer Initiative for Health Policy
Lasting Scars: The Impact of Depression in Early Adulthood on Subsequent Labour Market Outcomes
In this study, we examine how depression in early adulthood affects subsequent labour market outcomes. We find that conditional on employment, people meeting diagnostic criteria for depression before age 36 have lower chances of being employed in occupations requiring non-routine cognitive skills, earn 10% lower hourly wages (conditional on occupation), work 120-180 fewer hours annually and earn 24% lower annual incomes. We find that 23% to 52% of the income penalty of early adult depression is attributed to its disruption of human capital accumulation and 22%-40% of the impact is attributed to its association with future depression.
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