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The Economic and Social Value of Health
Using British birth cohort data the study will address the question ‘what is the economic and social value of health?’, or, conversely, ‘what is the economic and social cost of poor health in the UK. Specifically the study will assess: 1. How does both parental and individual health status during childhood affect educational attainment? 2. How does parental and individual health status during childhood affect childhood socio-emotional development? 3. How does health status during both childhood and adulthood affect economic outcomes, including employment/unemployment, full time and part time work and earnings, earnings progression, occupational social class and occupational change? 4. How does health status during both childhood and adulthood affect adult social outcomes, including wellbeing, partnership status and social ties? Our analyses to address each of these four substantive research areas will address the following: a. The timing of health problems and their effects: Are there critical periods during which health problems have particularly damaging effects? Are the effects long or short term? b. Are there generational differences in the impact of both general health and specific conditions on particular social outcomes? c. Do health inequalities exacerbate or mitigate gender differentials, and (in the case of the younger cohorts) ethnic differentials in social and economic outcomes?
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