此为英文文档：NBER -Macroeconomics of Mental Health.docx

NBERWORKINGPAPERSERIES

MACROECONOMICSOFMENTALHEALTH

BoazAbramson

JobBoerma

AlehTsyvinski

WorkingPaper32354

/papers/w32354

NATIONALBUREAUOFECONOMICRESEARCH

1050MassachusettsAvenue

Cambridge,MA02138

April2024

WethankAdamBlandin,QuentinHuys,EllenMcGrattan,KimPeijnenburg,andMartinSchneiderforusefuldiscussions.TheviewsexpressedhereinarethoseoftheauthorsanddonotnecessarilyreflecttheviewsoftheNationalBureauofEconomicResearch.

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?2024byBoazAbramson,JobBoerma,andAlehTsyvinski.Allrightsreserved.Shortsectionsoftext,nottoexceedtwoparagraphs,maybequotedwithoutexplicitpermissionprovidedthatfullcredit,including?notice,isgiventothesource.

MacroeconomicsofMentalHealth

BoazAbramson,JobBoerma,andAlehTsyvinski

NBERWorkingPaperNo.32354

April2024

JELNo.E0,H0,I10

ABSTRACT

Wedevelopaneconomictheoryofmentalhealth.Thetheoryisgroundedinclassicandmodernpsychiatricliterature,isdisciplinedwithmicrodata,andisformalizedinalife-cycleheterogeneousagentframework.Inourmodel,individualsexperiencingmentalillnesshavepessimisticexpectationsandlosetimeduetorumination.Asaresult,theyworkless,consumeless,investlessinriskyassets,andforegotreatmentwhichinturnreinforcesmentalillness.Wequantifythesocietalburdenofmentalillnessandevaluatetheefficacyofprominentpolicyproposals.Weshowthatexpandingtheavailabilityoftreatmentservicesandimprovingtreatmentofmentalillnessinlateadolescencesubstantiallyimprovementalhealthandwelfare.

BoazAbramson

665West130Street

NewYork,NY10027

ba2695@

JobBoerma

UniversityofWisconsin-Madison

DepartmentofEconomi