Drugs and Growth-Efficient Prevention: An Inter-temporal Portfolio of Machos, Narcos and Angels
AbstractIn many countries substance abuse is a social epidemic. This paper deals conceptually with some macroeconomic aspects of widespread substance abuse with special reference to narcotic drugs. The labour force is divided into non-using and therefore fully productive workers, a number of whom are employed by the government in drug-use prevention, and only partially productive drug users. An efficient management of the nation’s portfolio of workers is taken to be the trajectory of drug-prevention that maximises the present value of the stream of the disposable national incomes.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp03-09.
Length: 27 pages
Date of creation: 2003
Date of revision:
Contact details of provider:
Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
Substance abuse; labour productivity; national income;
Find related papers by JEL classification:
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D90 - Microeconomics - - Intertemporal Choice - - - General
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