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This study provides new evidence regarding the extent to which medical care mitigates the economic consequences of various health shocks. To obtain causal effects, I focus on the role of medical scientific discoveries and leverage the longitudinal dimension of unique administrative data on adults in Sweden, their partners, and their working-age chi...
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... the mitigating economic effects of medical care on several other diseases-and whether these effects differ across individuals-remain unknown. Table 5 Along with these baseline heterogeneities, I find that the mitigating impacts of medical innovations on family income vary significantly. These effects, considered jointly as a family income response to a one standard deviation increase in medical innovations, are more significant for older adults (32%) ...Similar publications
[This corrects the article DOI: 10.1371/journal.pone.0249088.].