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The Miracle Drug: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women

N. Meltem Daysal

Tilburg University; IZA

Chiara Orsini

affiliation not provided to SSRN

November 1, 2011

Netspar Discussion Paper No. 11/2011-112

In an aging society, determining which factors contribute to the employment of older individuals is increasingly important. This paper sheds light on the impact of medical innovation in the form of Hormone Replacement Therapy (HRT) on employment of middle-aged women. HRT are drugs taken by middle-aged women to soften symptoms related to menopause. Before 2002, HRT products were among the most popular prescription drugs in America. We use the timing of the release of information of the potential hazardous effects of HRT - uncovered in 2002 by the largest randomized trials on women ever undertaken - as an instrument for the purchase of the affected drugs within a Fixed Effect Instrumental Variable framework. We find that HRT use impacts employment: namely, that HRT use increases employment by 25 percentage points among middle-aged women who would have taken HRT but who do not take HRT after the release of information of its potential hazardous effects.

Number of Pages in PDF File: 51

Keywords: employment of middle-aged women, drug safety

JEL Classification: H8, I1, J2

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Date posted: February 2, 2012  

Suggested Citation

Daysal, N. Meltem and Orsini, Chiara, The Miracle Drug: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women (November 1, 2011). Netspar Discussion Paper No. 11/2011-112. Available at SSRN: http://ssrn.com/abstract=1996472 or http://dx.doi.org/10.2139/ssrn.1996472

Contact Information

N. Meltem Daysal (Contact Author)
Tilburg University ( email )
P.O. Box 90153
Tilburg, DC 5000 LE
HOME PAGE: http://www.meltemdaysal.com
IZA ( email )
P.O. Box 7240
Bonn, D-53072
HOME PAGE: http://www.meltemdaysal.com
Chiara Orsini
affiliation not provided to SSRN ( email )
Feedback to SSRN

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