A quadratic discrete time probabilistic model, for optimal portfolio selection in (re-)insurance is studied. For …

This research demonstrates that human capital accumulation by the poor is only possible if a minimum level of health … and health care, and finance is not available for this purpose, a poverty trap exists with low health, education and … nutrition and health impairing human potential, and in particular early child development. This link between health and …

also casts doubts on recent findings about a positive effect of health on education. This is because health raises the … that longevity and health have had a minor effect, if any, on the transition from stagnation to growth via investment in …