This paper addresses the issue of the positive observed relationship be- tween GDP and HIV prevalence in Sub-Saharan Africa. We examine the role of the volatility of GDP per capita in lowering the incentives to invest in self-protection and, empirically, in the spread of the epidemic. Using a...

This paper questions the positive relationship between HIV prevalence and income in Sub-Saharan Africa. In this paper, we hypothesize that a greater economic instability would reduce the incentives to engage in self-protective behaviors inducing people to increasingly take the risk of...