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Health, Human Capital, and Development

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  • Hoyt Bleakley

    () (Booth School of Business, University of Chicago, Chicago, Illinois 60637)

Abstract

How much does disease depress development in human capital and income around the world? I discuss a range of micro evidence, which finds that health is both human capital itself and an input to producing other forms of human capital. I use a standard model to integrate these results and suggest a reinterpretation of much of the micro literature. I then discuss the aggregate implications of micro estimates but note the complications in extrapolating to general equilibrium, especially because of health's effect on population size. I also review the macro evidence on this topic, which consists of either cross-country comparisons or measuring responses to health shocks. Micro estimates are one to two orders of magnitude smaller than the cross-country relationship but nevertheless imply high benefit-to-cost ratios from improving certain forms of health.

Suggested Citation

  • Hoyt Bleakley, 2010. "Health, Human Capital, and Development," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 283-310, September.
  • Handle: RePEc:anr:reveco:v:2:y:2010:p:283-310
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.economics.102308.124436
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    More about this item

    Keywords

    disease; income; schooling; economic growth; envelope theorem;

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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