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Mortality, Human Capital and Persistent Inequality Author info | Abstract | Publisher info | Download info | Related research | Statistics Shankha Chakraborty ()
Mausumi Das ()
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Available evidence suggests high intergenerational correlation of economic status and persistent disparities in health status between the rich and the poor. This paper proposes a mechanism linking the two. We introduce health capital into a two-period overlapping generations model. Private health investment improves the probability of surviving from the first period of life to the next and, along with education, enhances an individual’s labor productivity. Poorer parents are of poor health, unable to invest much in reducing mortality risk and improving their human capital. Consequently, they leave less for their progeny. Despite convex preferences and technologies, initial differences in economic and health status may perpetuate across generations when annuities markets are imperfect. Copyright Springer 2005
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Article provided by Springer in its journal Journal of Economic Growth .
Volume (Year): 10 (2005)
Issue (Month): 2 (06)
Pages: 159-192
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Handle: RePEc:kap:jecgro:v:10:y:2005:i:2:p:159-192Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102931
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Keywords: life expectancy health human capital income distribution I12 I20 O15 Other versions of this item:
Paper Shankha Chakraborty & Mausumi Das, 2003.
"Mortality, Human Capital and Persistent Inequality ,"
Working papers
119, Centre for Development Economics, Delhi School of Economics.
[Downloadable!] Shankha Chakraborty & Mausumi Das, 2003.
"Mortality, Human Capital and Persistent Inequality ,"
University of Oregon Economics Department Working Papers
2003-11, University of Oregon Economics Department.
[Downloadable!] Shankha Chakraborty & Mausumi Das, 2004.
"Mortality, Human Capital and Persistent Inequality ,"
Econometric Society 2004 North American Summer Meetings
100, Econometric Society.
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