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Drugs and Growth-Efficient Prevention: An Inter-temporal Portfolio of Machos, Narcos and Angels

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Author Info
Levy, Amnon () (University of Wollongong)
Neri, Frank ()

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Abstract

In 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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File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012150.pdf
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Publisher Info
Paper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp03-09.

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Length: 27 pages
Date of creation: 2003
Date of revision:
Handle: RePEc:uow:depec1:wp03-09

Contact details of provider:
Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3663
Fax: +612 4221-3725
Web page: http://www.uow.edu.au/commerce/econ/
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Related research
Keywords: 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 and Growth - - - General

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