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Growth and Epidemic Diseases

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Author Info
Bell, Clive
Gersbach, Hans

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Abstract

We study the formation of human capital and its transmission across generations when a society is assailed by an epidemic disease such as AIDS. We establish that the disease can severely retard economic growth, even to the point of leading to an economic collapse. We also show that the epidemic may exacerbate inequality. Pooling health risks in the society puts the society on a ‘make and break’ road.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 4800.

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Date of creation: Dec 2004
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Handle: RePEc:cpr:ceprdp:4800

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Related research
Keywords: AIDS epidemic diseases growth human capital pooling risks

Find related papers by JEL classification:
E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
I12 - Health, Education, and Welfare - - Health - - - Health Production
I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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This page was last updated on 2008-8-19.

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