Essen Economics of Mental Health Workshop
The Essen Economics of Mental Health Workshop, organised by Christoph Kronenberg and Ansgar Wübker, on June, 24&25 2019 is hosted by the RWI in Essen. This workshop aims to gather (junior) researchers with an interest in applying the tools of economics to problems surrounding mental health. Work considering a life-course aspect of mental health including mental health economics studies looking at informal care, access to health care and others will be discussed.
Half of those with a lifetime mental health problem first experience symptoms by the age of 14, and 75% before they reach their mid-twenties (Kessler et al., 2007). This implies that nearly one in five individuals has experienced the onset of a mental health problemby their mid-twenties. The conditions are often persistent and recurrent meaning they influence the entire work-life of the affected individuals (OECD, 2012). However, some older individuals may face a “double whammy” due to increased longevity, dementia and Alzheimer are a growing societal concern. The Alzheimer's Association (USA) reports that currently “someone in the United States develops Alzheimer's every 65 seconds. By mid-century, someone in the United States will develop the disease every 33 seconds.” Alzheimer's Association (USA) reports the societal costs to the USA from all dementias (including Alzheimer) to be $277billion in 2018 growing to $1.1 trillion by 2050.
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