Health, lifestyle, Growth
In this paper we try to explain why lifestyle may have a positive impact on economic growth. First of all, we consider health affecting consumer’s utility and we define also a Health Production Function where health is the output and the consumer’s good are the inputs. In this approach we define lifestyle as the return to scale of the Health Production Function A first result is that an increase of consumer’s personal income may have a positive or a negative effect on health. According this result, we modify the Solow Growth Model. We consider health as labour-augmenting. The result is a semi-endogenous model in which the population growth affects positively the income per capita growth, if lifestyle is positive.
|Date of creation:||08 Sep 2008|
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- Kenkel, D.S., 1989. "Should You Eat Breakfast? Estimates From Health Production Functions," Papers 9-90-8, Pennsylvania State - Department of Economics.
- Kenkel, Donald S, 1991.
"Health Behavior, Health Knowledge, and Schooling,"
Journal of Political Economy,
University of Chicago Press, vol. 99(2), pages 287-305, April.
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