Friday, May 11, 2018

The Labor Force and Output Consequences of the Opioid Crisis
"This study examines the labor market and economic consequences of the opioid crisis. While previous studies have estimated economic costs of the opioid epidemic, none has taken into account the most significant way opioid dependency is likely impacting the U.S. economy: its impact on labor force participation. This study measures the direct cost on the economy of opioids leading workers out of the labor force. Specifically, it estimates the number of workers who are absent from the labor force due to opioids, the loss of hours at work, and the resulting decline in real output."

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