Consider one of the key
Posted: Thu Feb 06, 2025 3:14 am
Endogeneity exists in all walks of life, especially in the impact evaluation space. issues our labour market, and for that matter our economy as a whole, currently faces – the economic inactivity crisis. Currently in the UK, the number of people not in work due to health conditions or sickness is far higher than it was pre-pandemic.
The previous Conservative government hong kong rcs data looked to address this through their Back to Work Plan, and tackling this crisis is also high on the new government’s agenda. The relationship between health and work, which sits behind this crisis and the various policy responses that have been and will be introduced, is characterised by endogeneity.
Working can lead to better health – receiving higher incomes can improve one’s diet or access to activities and exercise, the job itself may require physical activity, the social aspect of work can improve wellbeing, as can the sense of purpose work provides. But similarly, health is a key determinant of work outcomes – a healthier individual is able to work harder and for more hours. As such, if we were to simply compare the work outcomes, e.g., their salary, of a healthy and unhealthy person (oversimplifying things for the purpose if this exercise of course) and say that any difference in their salary was causally due to the difference in their health status, we would be wrong. This is where impact evaluation comes in. Stripping out all the noise and other contributing factors, impact evaluation seeks to understand what impact does policy X have on outcome Y?
The previous Conservative government hong kong rcs data looked to address this through their Back to Work Plan, and tackling this crisis is also high on the new government’s agenda. The relationship between health and work, which sits behind this crisis and the various policy responses that have been and will be introduced, is characterised by endogeneity.
Working can lead to better health – receiving higher incomes can improve one’s diet or access to activities and exercise, the job itself may require physical activity, the social aspect of work can improve wellbeing, as can the sense of purpose work provides. But similarly, health is a key determinant of work outcomes – a healthier individual is able to work harder and for more hours. As such, if we were to simply compare the work outcomes, e.g., their salary, of a healthy and unhealthy person (oversimplifying things for the purpose if this exercise of course) and say that any difference in their salary was causally due to the difference in their health status, we would be wrong. This is where impact evaluation comes in. Stripping out all the noise and other contributing factors, impact evaluation seeks to understand what impact does policy X have on outcome Y?