Economists use micro-based and macro-based approaches to assess the effects of health on economic growth. The micro … economic return on health. We reconcile these two strands of literature by showing that the point estimate of the macroeconomic … effect of health is quantitatively close to that found by aggregating the microeconomic effects, when carefully specifying …

We analyze the economic consequences for less developed countries of investing in female health. In so doing we … investments in their education and in which we allow for health-related gender differences in productivity. We show that better … female health speeds up the demographic transition and thereby the take-off toward sustained economic growth. By contrast …

Michael Grossman’s seminal publication on the demand for health and health production (Grossman 1972) has spawned a … substantial body of research focusing on the production of infant health. This article provides a systematic review of the … published literature to date on infant health production and how it has evolved over the past 3-4 decades as data have become …

consumption. We investigate whether an aggregate health production function can help to explain the substantial fluctuations in … the rate of increase in longevity since 1960. We view longevity as the output of the health production function, and … models using annual U.S. time-series data on life expectancy, health expenditure, and medical innovation. Reliable annual …

We develop an economic framework for valuing improvements to health and life expectancy, based on individuals … by about $1.5 trillion per year since 1970. The potential gains from future innovations in health care are also extremely …

In this survey of recent research in health economics, I concentrate on studies that have appeared since 1971 or are in … are covered: (1) demand for adults' health and medical care; (2) effects of health on labor supply and wage rates; (3 …) demand for children's health and medical care and (4) selected topics pertaining to the supply side of the medical care …