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Health Capital Provision and Human Capital Accumulation

Author

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  • Leonid Azarnert
Abstract
This article analyzes the effect of public policy intervention in the production of health capital on fertility, private investment in children's health and education and human capital accumulation. I have used a growth model with endogenous fertility, in which the usual parental trade-off between the quantity and quality of their children is augmented with an additional factor that affects childrenÕs human capital, which is health. I analyze the overall society-wide effect of public policy intervention and derive a condition that determines precisely whether public provision of free health services increases or decreases the average level of human capital in the society.

Suggested Citation

  • Leonid Azarnert, 2020. "Health Capital Provision and Human Capital Accumulation," EUSP Department of Economics Working Paper Series 2020/02, European University at St. Petersburg, Department of Economics.
    • Handle: RePEc:eus:wpaper:ec2020_02
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    File URL: https://eusp.org/sites/default/files/econpapers/Ec-2020_02.pdf
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    References listed on IDEAS

    as
    1. Strulik, Holger, 2017. "The Health Hump," Journal of Demographic Economics, Cambridge University Press, vol. 83(2), pages 245-258, June.
    2. Holger Strulik, 2004. "Economic growth and stagnation with endogenous health and fertility," Journal of Population Economics, Springer;European Society for Population Economics, vol. 17(3), pages 433-453, August.
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    4. Tamura, Robert & Simon, Curtis, 2017. "Secular Fertility Declines, Baby Booms, And Economic Growth: International Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 21(7), pages 1601-1672, October.
    5. Strulik, Holger, 2008. "Geography, health, and the pace of demo-economic development," Journal of Development Economics, Elsevier, vol. 86(1), pages 61-75, April.
    6. Tamura, Robert, 2006. "Human capital and economic development," Journal of Development Economics, Elsevier, vol. 79(1), pages 26-72, February.
    7. Strulik, Holger, 2018. "The return to education in terms of wealth and health," The Journal of the Economics of Ageing, Elsevier, vol. 12(C), pages 1-14.
    8. Tamura, Robert, 1996. "From decay to growth: A demographic transition to economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 20(6-7), pages 1237-1261.
    9. Tamura, Robert & Simon, Curtis & Murphy, Kevin M., 2016. "Black And White Fertility, Differential Baby Booms: The Value Of Equal Education Opportunity," Journal of Demographic Economics, Cambridge University Press, vol. 82(1), pages 27-109, March.
    10. Strulik, Holger & Weisdorf, Jacob, 2014. "How Child Costs And Survival Shaped The Industrial Revolution And The Demographic Transition," Macroeconomic Dynamics, Cambridge University Press, vol. 18(1), pages 114-144, January.
    11. Jacob L. Weisdorf, 2004. "From stagnation to growth: Revisiting three historical regimes," Journal of Population Economics, Springer;European Society for Population Economics, vol. 17(3), pages 455-472, August.
    12. Dimitrios Varvarigos & Intan Zakaria, 2013. "Endogenous fertility in a growth model with public and private health expenditures," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(1), pages 67-85, January.
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    Cited by:

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    2. Xiang Pan & Huan Wang & Dongming Wu & Xinhua Liu & Pengyu Deng & Yanfeng Zhang, 2022. "Influence of Family Environment on the Scientific Fitness Literacy of Preschool and School Children in China: A National Cross-Sectional Study," IJERPH, MDPI, vol. 19(14), pages 1-15, July.
    3. Leonid V Azarnert, 2023. "Population sorting and human capital accumulation," Oxford Economic Papers, Oxford University Press, vol. 75(3), pages 780-801.
    4. Olga N. Volkova & Aleksandra N. Volkova, 2024. "Empirical Testing of Grossman’s the Demand for Health Model: The Case of Russia," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(1), pages 33-58.
    5. Gökçe Tekin Turhan & Pınar Tokal & Gamze Sart, 2023. "The Role of Financial Sector Development and Educational Attainment in the Achievement of Economic Sustainability: Evidence from BRICS Economies," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    6. Xiangfa Li & Zhe Zhang & Weixian Xue & Hua Wang, 2022. "The Effects of Household Debt and Oil Price Shocks on Economic Growth in the Shadow of the Pandemic," Sustainability, MDPI, vol. 14(22), pages 1-16, November.
    7. Safiyeh Tayebi & Seyed Ali Alavi & Saeed Esfandi & Leyla Meshkani & Aliakbar Shamsipour, 2023. "Evaluation of Land Use Efficiency in Tehran’s Expansion between 1986 and 2021: Developing an Assessment Framework Using DEMATEL and Interpretive Structural Modeling Methods," Sustainability, MDPI, vol. 15(4), pages 1-26, February.
    8. Pingkuo Liu & Jiahao Wu, 2023. "Game Analysis on Energy Enterprises’ Digital Transformation—Strategic Simulation for Guiding Role, Leading Role and Following Role," Sustainability, MDPI, vol. 15(13), pages 1-33, June.
    9. Kristaps Lesinskis & Inese Mavlutova & Aivars Spilbergs & Janis Hermanis, 2023. "Digital Transformation in Entrepreneurship Education: The Use of a Digital Tool KABADA and Entrepreneurial Intention of Generation Z," Sustainability, MDPI, vol. 15(13), pages 1-20, June.

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    More about this item

    Keywords

    fertility; health capital; human capital; growth;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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