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KMID : 1170320100160010111
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Korean Journal of Health Economics and Policy
2010 Volume.16 No. 1 p.111 ~ p.137
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Economic Fluctuation and Public Health Indicators in South Korea, 1983-2008
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Hong Sok-Chul
Kim Kyoung-Ig
Nahm Hee
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Abstract
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This study estimates the impact of Korean economic fluctuation on its public health status such as gender-, age-, and cause-specific mortality rate and prevalence rate of infectious diseases over the period of 1983-2008. Economic fluctuation is measured by Hodrick-Prescott Filter, using three macroeconomic variables including real GDP per capita, unemployment rate, and labor force participation rate. One of the main findings is that an 1 percent reduction of real GDP per capita at previous year from its long-term trend led to the increase of mortality rate of infants and old groups aged 80 and over, respectively, by 2.9 percent and 0.6 percent at current year. We also reveal that the impact lasted over several years after economic downturn, and that it is highly related with the increase in income disparity. Those findings suggest that public programs are necessary to assist the groups which have lower socioeconomic status and poor health stock and so are vulnerable to economic fluctuation.
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KEYWORD
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Economic Fluctuation, Income Inequality, Mortality, Heelth Policy
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