|
| Timing of impact
|
| Type of impact | Before illness
| During illness | Immediate effect of death
| Long-term effect of death |
|
| Effect on production and earnings |
a. Organisation of economic activity | a. Reduced productivity of ill adult
| a. Lost output of deceased | a. Lost output of deceased
|
| | b. Residential location
| b. Reallocation of labour |
| b. Reallocation of land and labour |
| Effect on investment and consumption
| a. Insurance | a. Medical cost of treatment
| a. Funeral costs | a. Changes in type and quantity of investment and consumption
|
| | b. Medical costs of prevention
| b. Dissaving | b. Transfers
| |
| | c. Precautionary savings
| c. Changes in consumption and investment |
c. Legal fees | |
| | d. Transfer to other households
| | | |
| Effect on household health and consumption
| a. Extended family | a. Reduced allocation of labour to health maintaining activities
| a. Loss of deceased | a. Poor health of surviving household members
|
| | b. Fertility |
| | b. Dissolution or reconstitution of household
|
| Psychic costs | |
a. Disutility of ill individual | a. Disutility to individual
| |
| | |
b. Grief of loved ones | |
|
