Investing in Hope: AIDS, Life Expectancy, and Human Capital Accumulation
AbstractA three period overlapping generations model is developed to investigate the impact of shorter life expectancy due to disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa given the dramatic reduction in life expectancy due to HIV/AIDS and the potential lasting effects on growth. Our results indicate that as life expectancy shortens so does schooling inducing a lower growth rate of income. These relationships are even more pronounced for the African continent than for the rest of the world.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0502023.
Date of creation: 28 Feb 2005
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HIV/AIDS; Africa; life expectancy; growth; overlapping generations.;
Other versions of this item:
- Huang, Rui & Fulginiti, Lilyan E. & Peterson, E. Wesley F., 2003. "Investing in Hope: AIDS, Life Expectancy, and Human Capital Accumulation," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25808, International Association of Agricultural Economists.
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
This paper has been announced in the following NEP Reports:
- NEP-AFR-2005-04-16 (Africa)
- NEP-ALL-2005-04-16 (All new papers)
- NEP-HEA-2005-04-16 (Health Economics)
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