Throughout history, technological progress has transformed population health, but the distributional effects of these … gains are unclear. New substitutes for older, more expensive health technologies can produce convergence in population … health outcomes, but may also be prone to “elite capture” leading to divergence. This paper studies the case of penicillin …

Throughout history, technological progress has transformed population health, but the distributional effects of these … gains are unclear. New substitutes for older, more expensive health technologies can produce convergence in population … health outcomes, but may also be prone to "elite capture" leading to divergence. This paper studies the case of penicillin …

We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this … parental education and health investments. We show that i) there is a complementarity between education and health: if parents … want to have better educated children, they also raise health investments and vice versa; ii) parental health investments …