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Friday, August 10, 2018

Health security

Poor Mental Health Costs the Economy Billions -US Study Finds

Poor Mental Health Days May Cost the Economy Billions of Dollars -US Study FindsPoor mental health ranks as one of the costliest forms of sickness for U.S. workers and may sap billions of dollars from the country's income growth, according to a team of researchers.

In an analysis of economic and demographic data from 2008 to 2014, the researchers found that a single extra poor mental health day in a month was associated with a 1.84 percent drop in the per capita real income growth rate, resulting in $53 billion less total income each year, said Stephan Goetz, professor of agricultural and regional economics, Penn State, and director of the Northeast Regional Center for Rural Development.

"This starts to give us an idea of what the gain could be, if we did spend more money to help people with poor mental health," said Goetz, who worked with Meri Davlasheridze, assistant professor and economist, Texas A&M University at Galveston and Yicheol Han, postdoctoral scholar in agricultural economics, sociology and education, Penn State.

Poor mental health days refer to days when people describe their mental health as not good and could include conditions such as depression, anxiety, stress and problems with emotions, according to the researchers, who report their findings in a current issue of the Review of Regional Studies. The measure does not include diagnosed mental illnesses.

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