THE INFLUENCE OF HEALTH INSURANCE ON LABOR MARKET OUTCOMES: A COMPARATIVE STUDY USING HEALTH ECONOMICS AND LABOR ECONOMICS

Abstract

In recent years, health economics and labor economics have not only risen rapidly in the international academic circles. This paper constructs a dynamic programming model including health risks and health insurance, and conducts numerical simulation based on the iterative method of Bellman equation value function to study the impact of commercial health insurance on labor participation rate. The empirical results show that the commercial health insurance purchased by workers themselves can increase their labor participation rate, while the commercial health insurance purchased by employers will reduce the labor participation rate of workers, and the impact of commercial health insurance on labor participation is heterogeneous. On the basis of introducing the frontier research on output evaluation system and method based on preference theory and feasibility theory in recent years, this paper focuses on summarizing and analyzing the development and application of choice modeling and its experimental methods and tools. It provides a basis and reference for comprehensive and in-depth health economics evaluation research in the future.