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The Impact of AIDS Treatment on Savings and Human Capital Investment in Malawi

Listed author(s):
  • Victoria Baranov

    ()

    (Department of Economics, University of Melbourne)

  • Hans-Peter Kohler

    ()

    (University of Pennsylvania)

Registered author(s):

    Antiretroviral therapy (ART), a treatment for AIDS, is rapidly increasing life expectancy throughout Africa. A longer life expectancy increases the value of human capital investment, though the effect on savings is theoretically ambiguous. This paper uses spatial and temporal variation in ART availability to evaluate the impact of ART provision on savings and investment. We find that ART availability significantly increases savings, expenditures on children, and children's schooling, particularly among HIV-negative individuals. These results are not driven by the direct health effects of treatment or reductions in caretaking responsibilities, but rather by improving perceptions of self-reported mortality risk.

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    File URL: http://fbe.unimelb.edu.au/__data/assets/pdf_file/0010/1434547/2001VBaranovEduc_Draft9.pdf
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    Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 2001.

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    Length: 56 pages
    Date of creation: Mar 2015
    Handle: RePEc:mlb:wpaper:2001
    Contact details of provider: Postal:
    Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia

    Phone: +61 3 8344 8560
    Fax: +61 3 8344 6899
    Web page: http://fbe.unimelb.edu.au/economics
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