@TechReport{iza:izadps:dp15711,
            	author={Hamilton, Barton H. and Hincapié, Andrés and Kalish, Emma C. and Papageorge, Nicholas W.},
            	title={Medical Innovation and Health Disparities},
            	year={2022},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={15711},
            	url={https://www.iza.org/publications/dp15711},
	abstract={Health-maximizing and welfare-maximizing behaviors can be at odds, especially among disadvantaged groups, generating health disparities. We estimate a lifecycle model of medication and labor supply decisions using data on HIV-positive men. We evaluate an effective HIV treatment innovation that had harsh side effects: HAART. Measured in lifetime utility gains, HAART disproportionately benefitted higher-education men. Lower-education men were more likely to avoid the side effects of HAART that interfered with work. A counterfactual mandate to use HAART improves health but increases inequality because low-education individuals work less. A counterfactual non-labor income subsidy increases HAART adoption and improves health among lower-education individuals.},
	keywords={health disparities;health behaviors;dynamic demand;side effects;structural models;HIV/AIDS},
            }