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Health Inequalities through the Lens of Health Capital Theory Issues, Solutions, and Future Directions

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  • Titus Galama
  • Hans van Kippersluis

Abstract

The authors explore what health-capital theory has to offer in terms of informing and directing research into health inequality. They argue that economic theory can help in identifying mechanisms through which specific socioeconomic indicators and health interact. Their reading of the literature, and their own work, leads them to conclude that non-degenerate versions of the Grossman model (1972a;b) and its extensions can explain many salient stylized facts on health inequalities. Yet, further development is required in at least two directions. First, a childhood phase needs to be incorporated, in recognition of the importance of childhood endowments and investments in the determination of later-life socioeconomic and health outcomes. Second, a unified theory of joint investment in skill (or human) capital and in health capital could provide a basis for a theory of the relationship between education and health.

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  • Titus Galama & Hans van Kippersluis, 2013. "Health Inequalities through the Lens of Health Capital Theory Issues, Solutions, and Future Directions," Working Papers WR-1011, RAND Corporation.
    • Handle: RePEc:ran:wpaper:wr-1011
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    7. Amin, Vikesh & Fletcher, Jason & Behrman, Jere & Flores, Carlos A & Flores, Carlos A & Flores-Lagunes, Alfonso & Kohler, Hans Peter, 2019. "Mental Health, Schooling Attainment and Polygenic Scores: Are There Significant Gene-Environment Associations?," SocArXiv wjp5v, Center for Open Science.
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    13. Burggraf, Christine, 2017. "Russian demand for dietary quality: Nutrition transition, diet quality measurement, and health investment theory," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 86, number 86.
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    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality

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