The downward spiral

Jeremy Greenwood, Nezih Guner, and Karen A. Kopecky

There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, we construct a model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov chains are estimated from the US data for the college and non-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. We construct a structural model that matches the estimated Markov chains. We also examine the epidemic's drivers and the impact of medical interventions.

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Year of publication:	[2022]
Authors:	Greenwood, Jeremy ; Guner, Nezih ; Kopecky, Karen A.
Publisher:	Atlanta, GA : Federal Reserve Bank of Atlanta
Subject:	addiction \| college/non-college educated \| deaths \| fentanyl \| Markov chain \| medical interventions \| opioids \| OxyContin \| pain \| prices \| structural model \| Drogenkonsum \| Drug consumption \| Sterblichkeit \| Mortality \| Markov-Kette \| Arzneimittel \| Pharmaceuticals \| Droge \| Drug \| Bildungsniveau \| Educational achievement \| Schätzung \| Estimation \| Sucht \| Addiction

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Extent:	1 Online-Ressource (circa 58 Seiten) Illustrationen
Series:	Working papers / Federal Reserve Bank of Atlanta. - Atlanta, Ga. : [Verlag nicht ermittelbar], ISSN 1936-5225, ZDB-ID 2171117-3. - Vol. 2022, 4 (February 2022)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.29338/wp2022-04 [DOI] hdl:10419/270447 [Handle]
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; E13 - Neoclassical ; I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior ; I31 - General Welfare; Basic Needs; Quality of Life ; J11 - Demographic Trends and Forecasts ; J17 - Value of Life; Foregone Income
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012887735