Sunday, August 27, 2017

Biomarkers and Long-term Labour Market Outcomes: The Case of Creatine

Biomarkers and Long-term Labour Market Outcomes: The Case of Creatine. Petri Böckerman et al. Journal of Economic Behavior & Organization, Volume 142, October 2017, Pages 259-274, https://doi.org/10.1016/j.jebo.2017.08.003

Abstract: Using the Young Finns Study (YFS) combined with the Finnish Linked Employer-Employee Data (FLEED) we show that quantities of creatine measured in 1980 prior to labour market entry affect labour market outcomes over the period 1990-2010. Those with higher levels of creatine (proxied by urine creatinine) prior to labour market entry spend more time in the labour market in the subsequent two decades and earn more. The associations between creatine and labour market outcomes are robust to controlling for other biomarkers, educational attainment and parental background. Creatine is a naturally occurring nitrogenous organic acid which supplies energy to body cells, including muscles. Our findings are consistent with high energy levels, induced by creatine, leading to productivity-enhancing traits such as a high propensity for effort, perseverance, and high-commitment.

My commentary: What should we do with this? Many people is not energetic enough, is weak and take too many leaves of absence on medical grounds... Should everybody, but specially we guys with physical power and strong orientation to success and commitment to the companies and customers, contribute part of our paychecks to compensate for that part of the population who cannot work with our dedication but there is no possibility of cheating on us or riding free on us (because blood tests are objective indicators)? Like insurance for body weakness... I don't like much the idea, but it is true that a lot of people go to the workplace as if it were a jail in which to be punished and clearly it is not their fault in most cases. They got physical issues (like less creatine).

Maybe we guys with great work enjoyment could compensate the guys with less capability to put more effort with some cash rewards taken from our paychecks to make things even for them.

The companies could pay differentially those of us with more drive (paying us a bit less) and putting the money in a fund from where to pay those who are sick frequently, making their earnings "holes" shorter, smaller, thru their labor lives.If guys with less energy take leaves of absence for 15-30pct of their work life, missing totally or partially some years of work and earning less accordingly, the fund could make that hole much shorter and less deep, let's say 10pct of the work life.

Those extra years of earnings similar to those when they were full employees (adding payments to their disability paychecks so that they earn in semi-retirement the same than we healthy guys) make also for greater contributions to their pensions.

We should be able to make the calculations to know how much we'd need to give to such fund.

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