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  • Depression prevention, labour force participation and income of older working aged Australians: A microsimulation economic analysis

    Author(s)
    Veerman, J Lennert
    Shrestha, Rupendra N
    Mihalopoulos, Cathrine
    Passey, Megan E
    Kelly, Simon J
    Tanton, Robert
    Callander, Emily J
    Schofield, Deborah J
    Griffith University Author(s)
    Veerman, Lennert L.
    Callander, Emily J.
    Year published
    2015
    Metadata
    Show full item record
    Abstract
    Objective: Depression has economic consequences not only for the health system, but also for individuals and society. This study aims to quantify the potential economic impact of five-yearly screening for sub-syndromal depression in general practice among Australians aged 45-64 years, followed by a group-based psychological intervention to prevent progression to depression. Method: We used an epidemiological simulation model to estimate reductions in prevalence of depression, and a microsimulation model, Health&WealthMOD2030, to estimate the impact on labour force participation, personal income, savings, taxation revenue ...
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    Objective: Depression has economic consequences not only for the health system, but also for individuals and society. This study aims to quantify the potential economic impact of five-yearly screening for sub-syndromal depression in general practice among Australians aged 45-64 years, followed by a group-based psychological intervention to prevent progression to depression. Method: We used an epidemiological simulation model to estimate reductions in prevalence of depression, and a microsimulation model, Health&WealthMOD2030, to estimate the impact on labour force participation, personal income, savings, taxation revenue and welfare expenditure. Results: Group therapy is estimated to prevent around 5,200 prevalent cases of depression (2.2%) and add about 520 people to the labour force. Private incomes are projected to increase by $19 million per year, tax revenues by $2.4 million, and transfer payments are reduced by $2.6 million. Conclusion: Group-based psychological intervention to prevent depression could result in considerable economic benefits in addition to its clinical effects.
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    Journal Title
    Australian & New Zealand Journal of Psychiatry
    Volume
    49
    Issue
    5
    DOI
    https://doi.org/10.1177/0004867414561528
    Subject
    Biomedical and clinical sciences
    Health economics
    Psychology
    Clinical sciences
    Publication URI
    http://hdl.handle.net/10072/373812
    Collection
    • Journal articles

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