ECONOMIC DIMENSION OF CHRONIC DISEASES - ASSESSMENT OF LOST PRODUCTIVITY IN THE BLACK SEA REGION

Abstract

The subject of the study was to assess the level of lost productivity of human resources in the countries of the Black Sea region determined by poor health. The assumed analysis was carried out by assessing the intensity of the level of premature mortality of people in the working age caused by chronic diseases and its economic effects measured by the value of lost production. The assessment of the cost of lost productivity was based on the human capital method (HCM). The comparison of the value of the lost product in the analyzed group of countries showed large discrepancies resulting both from the differences in the scale of the burden of premature mortality in the working age population and from the adopted valuation of the work unit.