Health and Development: A Neoclassical Perspective

Casper Worm Hansen

Health and Development: A Neoclassical Perspective

7 Citationer (Scopus)

Abstract

Previous research establishes that the rise in life expectancy during the second half of the twentieth century led to larger, but not wealthier, populations. In terms of the neoclassical growth theory, these findings indicate that the potential positive effects of health on human capital and productivity (TFP) are limited. The current paper decomposes this corollary. Specifically, it demonstrates that life expectancy promotes human capital skills, which, according to the neoclassical theory, suggests that the TFP elasticity with respect to health is close to zero.

Originalsprog	Engelsk
Tidsskrift	Journal of Human Capital
Vol/bind	7
Udgave nummer	3
Sider (fra-til)	274-295
Antal sider	22
ISSN	1932-8575
Status	Udgivet - 2013
Udgivet eksternt	Ja

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Citationsformater

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AB - Previous research establishes that the rise in life expectancy during the second half of the twentieth century led to larger, but not wealthier, populations. In terms of the neoclassical growth theory, these findings indicate that the potential positive effects of health on human capital and productivity (TFP) are limited. The current paper decomposes this corollary. Specifically, it demonstrates that life expectancy promotes human capital skills, which, according to the neoclassical theory, suggests that the TFP elasticity with respect to health is close to zero.

M3 - Journal article

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VL - 7

SP - 274

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JO - Journal of Human Capital

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Health and Development: A Neoclassical Perspective

Abstract

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