outcomes. Using the health shock as an instrumental variable shows that the onset of a disability at age 25 causally reduces … model that includes unscheduled hospitalizations as a measure for unanticipated health shocks and estimate the model on data … from the British National Child Development Study (NCDS). We show that such health shocks increase the likelihood of an …

This paper investigates the impact of parental education on child health outcomes. To identify the causal effect we … leaving age by one year had little effect on the health of their offspring. Schooling did however improve economic … child health are at most modest. …

death, covering a window of unprecedented size (1912-2000) are merged with historical data on macroeconomic and health …

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model … highlights similarities and differences in these two important components of human capital. Health is distinct from skill: health …

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill … an important economic mechanism driving human-capital formation, socio-economic and health disparities, human …-capital based economic growth, and causal relations among the stocks of wealth, skill and health, namely whether individuals can …