The economic model of disability is an approach that seeks to understand disability as a product of economic, social, and political factors. It focuses on the impact of disability on a person's ability to participate in the labor market and earn an income, as well as the costs of disability-related accommodations and healthcare.
According to this model, disability is not solely a medical condition but also a result of societal barriers and discrimination. These barriers can prevent people with disabilities from accessing education, training, and employment opportunities, which can limit their economic prospects.
The economic model of disability emphasizes the need for policies and programs that promote inclusion and remove barriers to economic participation. This includes measures such as disability-friendly workplace accommodations, accessible transportation, and education and training opportunities.
The economic model of disability also highlights the economic costs of disability, including the direct costs of healthcare and assistive devices, as well as the indirect costs associated with lost productivity and reduced economic participation. It underscores the importance of ensuring that people with disabilities have access to affordable healthcare and other support services that can help them participate fully in society and the economy.
The economic model of disability emphasizes the need to address the structural and societal factors that contribute to disability and limit the economic prospects of people with disabilities, to promote greater inclusion and equality.
While this model recognizes that bodily limitations can impact work, it can also create stigma. The economic model creates a legally defined category of needy people, which can be stigmatizing for people with disabilities.