Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270447 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 2022-4
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, we construct a model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov chains are estimated from the US data for the college and non-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. We construct a structural model that matches the estimated Markov chains. We also examine the epidemic's drivers and the impact of medical interventions.
Subjects: 
addiction
college/non-college educated
deaths
fentanyl
Markov chain
medical interventions
opioids
OxyContin
pain
prices
structural model
JEL: 
D11
D12
E13
I12
I31
J11
J17
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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