TY  - RPRT
        AU  - Daysal, N. Meltem
AU  - Orsini, Chiara
        TI  - The Miracle Drugs: Hormone Replacement Therapy and Labor Market Behavior of Middle-Aged Women
        PY  - 2014/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7993
        UR  - https://www.iza.org/publications/dp7993
        AB  - In an aging society, determining which factors contribute to the employment of older individuals is increasingly important. We examine the impact of medical innovations on the employment of middle-aged women focusing on the specific case of Hormone Replacement Therapy (HRT), a common treatment for the alleviation of negative menopausal symptoms. HRT medications were among the most popular prescriptions in the United States until 2002 when the Women's Health Initiative Study – the largest randomized control trial on women ever undertaken – documented the health risks associated with their long term use. We exploit the release of these findings within a Fixed Effect Instrumental Variable framework to address the endogeneity in HRT use. Our results indicate substantial benefits of HRT use to the short-term employment of middle-aged women.
        KW  - employment
KW  - pharmaceutical treatments
KW  - Hormone Replacement Therapy
        ER  -