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Wealth from Health: Linking Social Investments to Earnings in Latin America

Author

Listed:
  • Knaul, Felicia Marie
  • Murrugarra, Edmundo
  • Hernández Alvarez, Carlos
  • Cortez, Rafael
  • Savedoff, William D.
  • Espinosa Ferrando, Jaime
  • Ribero Medina, Rocío
  • Valdivia, Martín
  • Schultz, T. Paul
  • Núñez, Jairo
  • Parker, Susan W.

Abstract

Common sense suggests that healthier people are more productive and wealthier people can obtain things that make them healthier. This book asks whether investments in health also affect productivity and how public policy can influence this relationship. These questions are probed through a series of Latin American case studies, using household survey data on individuals to analyze the relationships between efforts to improve health on the one hand, and the potential impact of health status on individual hourly earnings on the other. By analyzing these relationships together- health determinants and the impact of health on earnings- it becomes possible to assess the effectiveness of particular strategies for improving health status and to see the critical importance of health as a component of "human capital".

Suggested Citation

  • Knaul, Felicia Marie & Murrugarra, Edmundo & Hernández Alvarez, Carlos & Cortez, Rafael & Savedoff, William D. & Espinosa Ferrando, Jaime & Ribero Medina, Rocío & Valdivia, Martín & Schultz, T. Paul &, 2000. "Wealth from Health: Linking Social Investments to Earnings in Latin America," IDB Publications (Books), Inter-American Development Bank, number 321, October.
    • Handle: RePEc:idb:idbbks:321
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    References listed on IDEAS

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    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. Xavier Sala-I-Martin, 1997. "Transfers, Social Safety Nets, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 81-102, March.
    3. Schaffner, Julie Anderson, 1998. "Premiums to employment in larger establishments: evidence from Peru," Journal of Development Economics, Elsevier, vol. 55(1), pages 81-113, February.
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    Cited by:

    1. Aribah Aslam & Ghulam Ghouse, 2025. "Transforming households: exploring the impact of health on the economic prosperity of female home-based workers," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(1), pages 1-21, June.
    2. Adolfo Meisel-Roca & Hernando Vargas-Herrera (ed.), 2018. "Ensayos sobre crecimiento económico en Colombia," Books, Banco de la Republica de Colombia, number 2018-06, November.
    3. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2016. "Health status and labor force participation: evidence for urban low and middle income individuals in Colombia," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 15(1), pages 33-55, April.
    4. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    5. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2015. "Estado de salud y participación laboral: Evidencia para Colombia," Borradores de Economia 851, Banco de la Republica de Colombia.
    6. Gauri Kartini Shastry & David N. Weil, 2003. "How Much of Cross-Country Income Variation is Explained By Health?," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 387-396, 04/05.
    7. Luis Miguel Tovar Cuevas & Fabio Alberto Arias Arbel�ez, 2005. "Determinantes Del Estado De Salud De La Población Colombiana," Documentos de Trabajo 2323, Universidad del Valle, CIDSE.
    8. Ana Mar�a Iregui-Boh�rquez & Ligia Alba Melo-Becerra & Mar�a Teresa Ram�rez-Giraldo, 2015. "Estado de salud y participaci�n laboral: Evidencia para Colombia," Borradores de Economia 12497, Banco de la Republica.
    9. Eleftherios Giovanis & Martina Menon & Federico Perali, 2023. "Disability specific equivalence scales: a case–control approach applied to the cost of acquired brain injuries," International Journal of Health Economics and Management, Springer, vol. 23(4), pages 643-672, December.

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