Analyzing a variety of cross-national and sub-national data sources, we show that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to better healthcare implies that mortality could be the source of a poverty-trap. In our regressions, adult mortality explains almost all of Africa's growth tragedy over the past forty years. Our analysis also supports grim forecasts of the long-run economic costs of the ongoing AIDS epidemic.
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Paper provided by Society for Economic Dynamics in its series 2006 Meeting Papers with number
61.
Length: Date of creation: 03 Dec 2006 Date of revision: Handle: RePEc:red:sed006:61
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Lorentzen, Peter L. & McMillan, John & Wacziarg, Romain, 2005.
"Death and Development,"
CEPR Discussion Papers
5246, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Peter Lorentzen & John McMillan & Romain Wacziarg, 2005.
"Death and Development,"
NBER Working Papers
11620, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Find related papers by JEL classification: I10 - Health, Education, and Welfare - - Health - - - General
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Wacziarg, Romain & Alesina, Alberto & Devleeschauwer, Arnaud & Easterly, William & Kurlat, Sergio, 2002.
"Fractionalization,"
Research Papers
1744, Stanford University, Graduate School of Business.
[Downloadable!]
Alberto Alesina & Arnaud Devleeschauwer & William Easterly & Sergio Kurlat & Romain Wacziarg, 2003.
"Fractionalization,"
NBER Working Papers
9411, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Lorentzen, Peter L. & McMillan, John & Wacziarg, Romain, 2005.
"Death and Development,"
CEPR Discussion Papers
5246, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Peter Lorentzen & John McMillan & Romain Wacziarg, 2005.
"Death and Development,"
NBER Working Papers
11620, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Angus Deaton, 2004.
"Health in an age of globalization,"
Working Papers
245, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
[Downloadable!]
Angus Deaton, 2004.
"Health in an age of globalization,"
Working Papers
172, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
[Downloadable!]
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.