English, Article edition: Economic Costs to Business of the HIV/AIDS Epidemic Gordon G. Liu; Jeff J. Guo; Scott R. Smith

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Bookmark: http://trove.nla.gov.au/version/119427
Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic Costs to Business of the HIV/​AIDS Epidemic
Author
  • Gordon G. Liu
  • Jeff J. Guo
  • Scott R. Smith
Physical Description
  • article
Notes
  • HIV infection is a devastating disease for individuals and society. The economic burden of employees with HIV infection is a matter of increasing concern for employers. The purpose of this paper was to conduct a comprehensive review of published studies which measured/​estimated economic costs incurred by HIV-infected employees, and evaluate the potential economic impact of the HIV/​AIDS epidemic on business in different countries. This review finds a conceptual consensus in the literature that suggests that the HIV/​AIDS epidemic has a potentially sizable economic cost to business, primarily due to increased costs for employment-based insurance premiums, welfare benefits, lost productivity, new hiring and training, and a downsized economy and labour market. Based on published data in the US, accounting for the first three major cost items, in 2002 an HIV-infected worker would cost an employer in the US an estimated $US37 Future research is needed to improve both the theoretical modelling and empirical work in assessing the full economic impact of the HIV/​ADIS epidemic on patients, businesses and society at large.
  • Economic-implications, HIV-infections
  • RePEc:wkh:phecon:v:22:y:2004:i:18:p:1181-1194
Language
  • English
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