The decline in non-Covid-related spending for health and education during the pandemic is expected to reduce life expectancy as well as increase inequality nationwide, according to the Philippine Institute for Development Studies (PIDS).
THE decline in non-Covid-related spending for health and education during the pandemic is expected to reduce life expectancy as well as increase inequality nationwide, according to the Philippine Institute for Development Studies .
“The drop in per capita health expenditures in the early Covid-19 pandemic relative to the 2018 baseline is expected to lead to a decline in life expectancy at birth, no change in average lifetime labor income, and a rise in income inequality. The impact on life expectancy may not be unexpected, given the significant drop in health expenditures in 2020,” the researchers said.
The PIDS researchers said the early or premature death of adults in their prime will slow the growth of the working-age population compared to the elderly and children in the population. The findings showed that life expectancy is seen to decline across almost all age groups. However, they noted that the drop from the pre-Covid-19 level is lower compared with lifetime exposure to COVID-19 human capital spending levels.
The decline in health spending per capita, meanwhile, is expected to increase income inequality among the young and younger prime-age adults.
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