Reply to Johannesson's and Karlsson's comment

Article Abstract:

The human capital aproach preferred by Johanneson and Karlsson fails to provide a satisfactory analysis of the relation between production costs and absence on the company level. They prefer to comply with economic laws such as marginal productivity and equality of wages but they admit that there is not much difference offered by their indirect short term absence cost estimates. Johannesson and Karlsson's traditional neoclassical approach is highly unrealistic given the mortality, disability and long term absence in the present world.

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Modeling the effects of health on economic growth

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After adjustments for exchange rates and purchasing power, this research found that gross domestic product growth was emulated by indicators such as adult survival rates.

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On the economic foundations of CEA. Ladies and gentlemen, take your positions!

Article Abstract:

A new study compares and contrasts the welfarist approach and the decision maker's approach to cost-effective analysis of health care interventions.

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