The pay-off of increased physical activity in the Czech Republic: A cost-benefit analysis of offering people financial incentives to alter their exercise behavior
|Author:||Bc. Valentin Schnabl|
|Year:||2022 - summer|
|Leaders:|| PhDr. Jana Votápková Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The main objective of this thesis is to determine whether financial incentive
to increase exercise behavior are economically feasible in the Czech Republic.
We therefore construct a cost-savings model that compares current physical
activity levels in the Czech Republic with two hypothetical physical activity
improvement scenarios to assess the potential healthcare savings of a more
fit population. The model follows an epidemiological approach and estimates
potential healthcare savings based on the association of physical inactivity with
five major non-communicable diseases. We conclude that neither improvement
scenario justifies the implementation of financial incentive, as their costs are
likely to exceed their benefits. Nonetheless our estimates show that healthcare
expenditures due to physical inactivity are substantial. In particular, those
associated with diabetes.