We analyze the effects of children’s health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; ii) parental health investments exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.
Children’s Health, Human Capital Accumulation and R&D-based Economic Growth / A. Baldanzi, A. Bucci, K. Prettner. - [s.l] : University of Hohenheim, Faculty of Business, Economics and Social Sciences, 2017.
Children’s Health, Human Capital Accumulation and R&D-based Economic Growth
A. Baldanzi;A. Bucci;
2017
Abstract
We analyze the effects of children’s health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; ii) parental health investments exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.File | Dimensione | Formato | |
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