The Economic Toll of the U.S. Opioid Crisis

The transcript discusses the impact of opioid addiction on the U.S. economy, highlighting policymakers' concerns, including Janet Yellen's remarks on participation rates. It covers regulatory responses to the opioid crisis, such as reduced prescriptions and the rise of heroin use. The discussion includes Alan Krueger's research on the correlation between opioid addiction and labor market participation, emphasizing the need for further study to understand the long-term effects on economic growth.

Discuss the findings of Alan Krueger regarding the correlation between opioid addiction and labor market participation.

What future research directions are suggested to understand the impact of opioid addiction on the labor market?