The impact of biomedical innovation on US mortality, 1999–2019: evidence partly based on 286 million descriptors of 27 million PubMed articles
Open Access
- 23 April 2025
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Demographic Economics
- Vol. 92 (1) , 1-27
Abstract
We investigate whether the diseases for which there was more biomedical innovation had larger 1999–2019 reductions in premature mortality. Biomedical innovation related to a disease is measured by the change in the mean vintage of descriptors of PubMed articles about the disease. We analyze data on 286 million descriptors of 27 million articles about over 800 diseases. Premature mortality from a disease is significantly inversely related to the lagged vintage of descriptors of articles about the disease. In the absence of biomedical innovation, age-adjusted mortality rates would not have declined. Some factors other than biomedical innovation (e.g., a decline in smoking and an increase in educational attainment) contributed to the decline in mortality. But other factors (e.g., a rise in obesity and the prevalence of chronic conditions) contributed to an increase in mortality. Biomedical innovation reduced the mortality of white people sooner than it reduced the mortality of black people.Keywords
This publication has 22 references indexed in Scilit:
- The long-run impact of new medical ideas on cancer survival and mortalityEconomics of Innovation and New Technology, 2018
- Variations in time to benefit among clinical trials of cholesterol-lowering drugsJournal of Clinical Lipidology, 2018
- Estimating the Time to Benefit for Preventive Drugs with the Statistical Process Control Method: An Example with AlendronateDrugs & Aging, 2016
- Disease and Development RevisitedJournal of Political Economy, 2014
- Investment in vintage capitalJournal of Economic Theory, 2012
- Disease and Development: The Effect of Life Expectancy on Economic GrowthJournal of Political Economy, 2007
- No health without mental healthThe Lancet, 2007
- The ‘embodiment’ controversy: A review essayJournal of Monetary Economics, 1998
- A VINTAGE CAPITAL MODEL OF INVESTMENT AND GROWTH: THEORY AND EVIDENCE1993
- Endogenous Technological ChangeJournal of Political Economy, 1990