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Working paper

Влияние здоровья на заработную плату и занятость: эмпирические оценки отдачи от здоровья

Кузьмич О. С., Рощин С. Ю.
The paper is devoted to the role of specific human capital in Russian economy. Using data from the This paper considers the economic returns to health in the Russian labor market. Empirical analysis the impact of health on labor supply and wages is provided on the base of RLMS data for 1994-2004. The problem of measuring health and different of subjective and objective health characteristics are discussed. Using the principal component method we construct an integral health indicator on the base of different objective health characteristics. The problem of health endogeneity is concerned. The results of estimation show considerable negative influence of poor health and relatively less in absolute value positive influence of good health on employment. We also have found a positive impact of good health on earnings.