Book ChapterDOI
On the Concept of Health Capital and the Demand for Health
TLDR
A model of the demand for the commodity "good health" is constructed and it is shown that the shadow price rises with age if the rate of depreciation on the stock of health rises over the life cycle and falls with education if more educated people are more efficient producers of health.Abstract:
The aim of this study is to construct a model of the demand for the commodity "good health." The central proposition of the model is that health can be viewed as a durable capital stock that produces an output of healthy time. It is assumed that individuals inherit an initial stock of health that depreciates with age and can be increased by investment. In this framework, the "shadow price" of health depends on many other variables besides the price of medical care. It is shown that the shadow price rises with age if the rate of depreciation on the stock of health rises over the life cycle and falls with education if more educated people are more efficient producers of health. Of particular importance is the conclusion that, under certain conditions, an increase in the shadow price may simultaneously reduce the quantity of health demanded and increase the quantity of medical care demanded.read more
Citations
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Journal ArticleDOI
Worms: Identifying Impacts on Education and Health in the Presence of Treatment Externalities
Edward Miguel,Michael Kremer +1 more
TL;DR: In this article, the authors evaluate a Kenyan project in which school-based mass treatment with deworming drugs was randomly phased into schools, rather than to individuals, allowing estimation of overall program effects.
Journal ArticleDOI
Our future: a Lancet commission on adolescent health and wellbeing
George C Patton,George C Patton,Susan M Sawyer,Susan M Sawyer,Susan M Sawyer,John S. Santelli,David Ross,David Ross,Rima Afifi,Nicholas B. Allen,Nicholas B. Allen,Monika Arora,Peter Azzopardi,Peter Azzopardi,Wendy Baldwin,Chris Bonell,Ritsuko Kakuma,Elissa Kennedy,Jaqueline Mahon,Terry McGovern,Ali H. Mokdad,Vikram Patel,Vikram Patel,Suzanne Petroni,Nicola J. Reavley,Kikelomo Taiwo,Jane Waldfogel,Dakshitha Wickremarathne,Carmen Barroso,Zulfiqar A Bhutta,Zulfiqar A Bhutta,Adesegun O. Fatusi,Amitabh Mattoo,Amitabh Mattoo,Judith Diers,Jing Fang,Jane Ferguson,Fred M. Ssewamala,Russell M Viner +38 more
TL;DR: This Commission outlines the opportunities and challenges for investment in adolescent health and wellbeing at both country and global levels (panel 1).
Journal ArticleDOI
The economic costs of pain in the United States.
TL;DR: The national cost of pain ranges from $560 to $635 billion, larger than the cost of the nation's priority health conditions and the annual cost of heart disease, cancer, and diabetes.
Journal ArticleDOI
Understanding Differences in Health Behaviors by Education
TL;DR: This paper examined possible explanations for the relationship between education and health behaviors, known as the education gradient, and found that income, health insurance, and family background can account for about 30 percent of the gradient, while knowledge and measures of cognitive ability explain an additional 30 percent.
ReportDOI
Are Recessions Good For Your Health
TL;DR: The authors investigated the relationship between economic conditions and health and found that smoking and obesity increase when the economy strengthens, whereas physical activity is reduced and diet becomes less healthy, and there is some evidence that the unfavorable health effects of temporary upturns are partially or fully offset if the economic growth is longlasting.
References
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Book ChapterDOI
A New Approach to Consumer Theory
TL;DR: In this article, the authors extend activity analysis into consumption theory and assume that goods possess, or give rise to, multiple characteristics in fixed proportions and that it is these characteristics, not goods themselves, on which the consumer's preferences are exercised.
Book ChapterDOI
Myopia and Inconsistency in Dynamic Utility Maximization
TL;DR: In this article, the authors present a problem which has not heretofore been analysed and provide a theory to explain, under different circumstances, three related phenomena: (1) spendthriftiness; (2) the deliberate regimenting of one's future economic behaviour, even at a cost; and (3) thrift.
Journal ArticleDOI
The Production of Human Capital and the Life Cycle of Earnings
TL;DR: In this paper, the authors provide a framework for the understanding of many aspects of observed behavior regarding education, health, occupational choice, mobility, etc., as rational investment of present resources for the purpose of enjoying future returns.
Book ChapterDOI
Optimal advertising policy under dynamic conditions
Marc Nerlove,Kenneth J. Arrow +1 more
TL;DR: In this paper, the Dorfman-Steiner model is extended to the situation in which present advertising expenditures affect the future demand for the product, and the model is used to predict future demand.