This article analyzes the impact of HIV/AIDS on the global convergence in life expectancy as well as infant and child survival rates by comparing two scenarios. One is based on actual estimated and extrapolated values given the existence of the epidemic (‘AIDS- scenario’). The other is based...

This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...

A number of recent studies have illustrated the link between health and growth (Gallup and Sachs 2000, McCarthy et al. 2000, Bhargava et al. 2000). This paper argues that a key mechanism through which health affects growth is via total factor productivity (TFP). We first estimate TFP based on a...

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical analysis of institutions affecting training markets will...