Non medical costs
8 important questions on Non medical costs
What are productivity costs
What are the different types of productivity costs
- Reduced productivity (presenteeism)
- Being ill and absent from work (absenteeism)
- Permanent disability
- Premature death
Name an advantage and a disadvantage of productivity costs.
- Pro: From a societal perspective dictates incorparation of all relevant costs and effects.
- Con: It might favour working individuals over non-working individuals, leading to inequity.
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Which are the four methods in including productivity costs?
- Transfer payments
- Human capital method
- Friction cost method
- (US Panel method)
Why is the first method, transfer of payment not very suitable in including productivity costs?
What is the formula for the human capital method
What is the short and long term critique on human capital method?
- Short term: in absence, colleagues might take over from , or individual makes up for missed work.
- Long term: in absence, replacing, reallocating work or capital.
How do you measure an individuals productivity at work?
VAS*no hours work*duration*price per hour=productivity costs
The question on the page originate from the summary of the following study material:
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