In a reply to our Mets and Yankees post, a commenter mentioned that poor mental health is (obviously) affiliated with poor labor market outcomes. There is actually a decent literature on this, but here is the most recent paper published on this question:
The Effect of Depression on Labor Market Outcomes
by Lizhong Peng, Chad D. Meyerhoefer, Samuel H. Zuvekas – NBER Working Paper #19451
We estimated the effect of depression on labor market outcomes using data from the 2004-2009 Medical Expenditure Panel Survey. After accounting for the endogeneity of depression through a correlated
random effects panel data specification, we found that depression reduces the likelihood of employment. We did not, however, find evidence of a causal relationship between depression and hourly wages
or weekly hours worked. Our estimates are substantially smaller than those from previous studies, and imply that depression reduces the probability of employment by 2.6 percentage points. In addition, we
examined the effect of depression on work impairment and found that depression increases annual work loss days by about 1.4 days (33 percent), which implies that the annual aggregate productivity loses
due to depression-induced absenteeism range from $700 million to 1.4 billion in 2009 USD.
Your mileage may vary. But to me, these effects, to the extent that they can be measured, seem surprisingly small particularly when placed in the context of the arguments in the previous post (that central planning based trial and error might not produce outcomes nearly as desirable as competitive trial and error).