The Economics of Risky Behaviors May 01, 2011 By Christopher J. RuhmCawley J.Thomas G. McGuireMark V. PaulyPedro Pita Barros (eds.) The Economics of Risky Behaviors Risky health behaviors such as smoking, drinking alcohol, drug use, unprotected sex, and poor diets and sedentary lifestyles (leading to obesity) are a major source of preventable deaths. This chapter overviews the theoretical frameworks for, and empirical evidence on, the economics of risky health behaviors. It describes traditional economic approaches emphasizing utility maximization that, under certain assumptions, result in Pareto-optimal outcomes and a limited role for policy interventions. It also details nontraditional models (e.g. involving hyperbolic time discounting or bounded rationality) that even without market imperfections can result in suboptimal outcomes for which government intervention has greater potential to increase social welfare. The chapter summarizes the literature on the consequences of risky health behaviors for economic outcomes such as medical care costs, educational attainment, employment, wages, and crime. It also reviews the research on policies and strategies with the potential to modify risky health behaviors, such as taxes or subsidies, cash incentives, restrictions on purchase and use, providing information and restricting advertising. The chapter concludes with suggestions for future research. Handbook of Health Economics Handbook of Health Economics Areas of focus Economics Christopher J. Ruhm Christopher J. Ruhm is a professor of public policy and economics at the Frank Batten School of Leadership and Public Policy. Ruhm’s recent research has focused on the role of government policies in helping parents with young children balance the competing needs of work and family life, and on examining how various aspects of health are produced – including the growth and sources of drug poisoning deaths in the United States, the rise in obesity and the relationship between macroeconomic conditions and health. Read full bio Cawley J. Thomas G. McGuire Mark V. Pauly Pedro Pita Barros (eds.) Related Content Christopher J. Ruhm Estimated Prevalence of and Factors Associated With Clinically Significant Anxiety and Depression Among US Adults During the First Year of the COVID-19 Pandemic Research How much did clinically significant anxiety and depression increase among US adults during the first year of the COVID-19 pandemic? In this survey study of more than 1.4 million respondents in the US Behavioral Risk Factor Surveillance System survey, responses to a screening question calibrated to a 4-item Patient Health Questionnaire score of 6 or greater suggested that aggregate prevalence of clinically significant anxiety and depression increased only modestly overall among US adults in 2020 compared with 2017 to 2019. The Opioid Crisis, Health, Healthcare, and Crime: A Review Of Quasi-Experimental Economic Studies Research This study reviews quasi-experimental studies that examine the relationship between opioids and health and healthcare, and crime outcomes in the U.S. Ruhm Named SEA Distinguished Fellow News Chris Ruhm, Batten professor of public policy and economics, has received a Distinguished Fellow Award from the Southern Economic Association in recognition for his “substantial record of exceptional scholarly achievement and long-term involvement and service to the association.” Batten Showcase 2022: Family and Medical Leave Policies in the US: Where We Are and How We Got Here ft. Chris Ruhm News In this lecture, professor of public policy and economics at the Frank Batten School of Leadership and Public Policy, Chris Ruhm, discusses family medical leave policy in the United States. Ruhm looks at where we are now, how we got here and how to move forward.
Christopher J. Ruhm Christopher J. Ruhm is a professor of public policy and economics at the Frank Batten School of Leadership and Public Policy. Ruhm’s recent research has focused on the role of government policies in helping parents with young children balance the competing needs of work and family life, and on examining how various aspects of health are produced – including the growth and sources of drug poisoning deaths in the United States, the rise in obesity and the relationship between macroeconomic conditions and health. Read full bio
Estimated Prevalence of and Factors Associated With Clinically Significant Anxiety and Depression Among US Adults During the First Year of the COVID-19 Pandemic Research How much did clinically significant anxiety and depression increase among US adults during the first year of the COVID-19 pandemic? In this survey study of more than 1.4 million respondents in the US Behavioral Risk Factor Surveillance System survey, responses to a screening question calibrated to a 4-item Patient Health Questionnaire score of 6 or greater suggested that aggregate prevalence of clinically significant anxiety and depression increased only modestly overall among US adults in 2020 compared with 2017 to 2019.
The Opioid Crisis, Health, Healthcare, and Crime: A Review Of Quasi-Experimental Economic Studies Research This study reviews quasi-experimental studies that examine the relationship between opioids and health and healthcare, and crime outcomes in the U.S.
Ruhm Named SEA Distinguished Fellow News Chris Ruhm, Batten professor of public policy and economics, has received a Distinguished Fellow Award from the Southern Economic Association in recognition for his “substantial record of exceptional scholarly achievement and long-term involvement and service to the association.”
Batten Showcase 2022: Family and Medical Leave Policies in the US: Where We Are and How We Got Here ft. Chris Ruhm News In this lecture, professor of public policy and economics at the Frank Batten School of Leadership and Public Policy, Chris Ruhm, discusses family medical leave policy in the United States. Ruhm looks at where we are now, how we got here and how to move forward.