Health, Lifestyle and Growth
AbstractIn this paper I will try to explain why lifestyle may have a positive impact on economic growth. First of all, I consider health affecting consumer’s utility and then define a Health Production Function where health is the output and consumer good the input. In this approach a parameter named Lifestyle Return to Scale (LRS) is defined. The first result is that an increase of consumer’s personal income may have a positive or a negative effect on health. In other words health may be a normal or an inferior good. It depends on Lifestyle Return to Scale- According to this result, I compute a health multiplier and then modify the Solow Growth Model in which health is labour-augmenting. The result is a model in which the Lifestyle Return to Scale positively affects the income per capita and the income per capita growth.
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Bibliographic InfoPaper provided by CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy in its series CELPE Discussion Papers with number 115.
Length: 33 pages
Date of creation: 2010
Date of revision:
health; lifestyles; growth;
Other versions of this item:
- I10 - Health, Education, and Welfare - - Health - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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- Contoyannis, Paul & Jones, Andrew M., 2004.
"Socio-economic status, health and lifestyle,"
Journal of Health Economics,
Elsevier, vol. 23(5), pages 965-995, September.
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