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Wealth from Health: Linking Social Investments to Earnings in Latin America

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Author Info

  • Felicia Marie Knaul
  • Edmundo Murrugarra
  • Carlos Hernández Alvarez
  • Rafael Cortez
  • William D. Savedoff
  • Jaime Espinosa Ferrando
  • Rocío Ribero Medina
  • Martín Valdivia
  • T. Paul Schultz
  • Jairo Núñez
  • Susan W. Parker

Abstract

Common sense suggests that healthier people are more productive and wealthier people can obtain things that make them healthier. This book asks whether investments in health also affect productivity and how public policy can influence this relationship. These questions are probed through a series of Latin American case studies, using household survey data on individuals to analyze the relationships between efforts to improve health on the one hand, and the potential impact of health status on individual hourly earnings on the other. By analyzing these relationships together- health determinants and the impact of health on earnings- it becomes possible to assess the effectiveness of particular strategies for improving health status and to see the critical importance of health as a component of "human capital".

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 42218.

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Handle: RePEc:idb:brikps:42218

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Related research

Keywords: Health Policy; health and income relationship; social determinants;

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Cited by:
  1. Gauri Kartini Shastry & David N. Weil, 2003. "How Much of Cross-Country Income Variation is Explained By Health?," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 387-396, 04/05.
  2. Oded Galor & David Mayer-Foulkes, 2004. "Food for Thought: Basic Needs and Persistent Educational Inequality," GE, Growth, Math methods 0410002, EconWPA.
  3. David Canning, 2006. "The Economics of HIV/AIDS in Low-Income Countries: The Case for Prevention," PGDA Working Papers 1806, Program on the Global Demography of Aging.
  4. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
  5. Mayer, David, 2001. "The Long-Term Impact of Health on Economic Growth in Latin America," World Development, Elsevier, vol. 29(6), pages 1025-1033, June.
  6. David Mayer Foulkes., 2007. "Subdesarrollo y globalización," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 155-192, May.

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