Title The experience of illness: emotional and economic impacts
Authors Teresiūtė, Paulina ; Vasiliauskaitė, Deimantė
DOI 10.15837/aijes.v18i2.6959
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Is Part of Agora International Journal of Economical Sciences (AIJES).. Ljubljana : Ljubljana School of Business. 2024, vol. 18, no. 2, p. 300-319.. ISSN 2067-3310. eISSN 2067-7669
Keywords [eng] illness ; emotional ; economic impacts
Abstract [eng] This study examines the complex emotional and economic consequences of illness, focusing on individuals' subjective experiences and their broader societal impact. Employing a multi-level methodological approach, it combines theoretical insights with wavelet transform analysis to investigate long-term sickness trends in the UK. The findings highlight a significant increase in economically inactive individuals due to long-term sickness, driven by factors such as mental health conditions, chronic diseases, and the COVID-19 pandemic. The emotional aspects of illness are explored through their influence on relationships, personal identity, and societal attitudes, underscoring the necessity of patient-centered care that addresses both psychological and social needs. The economic analysis reveals the substantial burden of illness manifested in decreased labor force participation, rising healthcare costs, and productivity losses. Wavelet transform analysis captures both short-term variations and long-term patterns, offering valuable insights into the dynamic, non-stationary nature of sickness-related economic inactivity. This research emphasizes the critical need for proactive healthcare policies, workplace accommodations, and robust mental health support to reduce the adverse effects of illness on individuals and economies. By integrating advanced analytical methods and interdisciplinary perspectives, the study enhances our understanding of the intricate connections between illness, emotional health, and economic resilience.
Published Ljubljana : Ljubljana School of Business
Type Journal article
Language English
Publication date 2024
CC license CC license description