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This paper aims to shed light on the importance of health considerations for business cycle fluctuations and the effect … of health status on labor productivity and availability of labor input for productive use. To this end, Grossman's (2000 …) partial-equilibrium framework with endogenous health is incorporated in an otherwise standard Real- Business-Cycle (RBC) model …
Persistent link: https://www.econbiz.de/10011518900
Economists increasingly accept that social norms have powerful effects on human behavior and outcomes. In recent history, one norm widely adhered to in most developed nations has been for men to be the primary breadwinner within mixed-gender households. As women have entered the labor market in...
Persistent link: https://www.econbiz.de/10011949006
Persistent link: https://www.econbiz.de/10011558342
Micro-based and macro-based approaches have been used to assess the effects of health on economic growth. Micro …-based approaches aggregate the return on individual health from Mincerian wage regressions to derive the macroeconomic effects of … population health. Macro-based approaches estimate a generalized aggregate production function that decomposes output into its …
Persistent link: https://www.econbiz.de/10012906530
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 …
Persistent link: https://www.econbiz.de/10012867458
Persistent link: https://www.econbiz.de/10012698865
Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The … the macroeconomic return to health. We reconcile the two approaches by controlling for the indirect effects of health … of health. Our results show that the macroeconomic return to health lies in the range of plausible microeconomic …
Persistent link: https://www.econbiz.de/10013262768
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 …
Persistent link: https://www.econbiz.de/10012479952
Persistent link: https://www.econbiz.de/10012060101
Micro-based and macro-based approaches have been used to assess the effects of health on economic growth. Micro …-based approaches aggregate the return on individual health from Mincerian wage regressions to derive the macroeconomic effects of … population health. Macro-based approaches estimate a generalized aggregate production function that decomposes output into its …
Persistent link: https://www.econbiz.de/10011949024