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Overview 1. - 1 The State of Demographics in Sub-Saharan Africa 43. - 2 Speeding the Demographic Transition 71. - 3 Education Effects of the Demographic Dividend 111. - 4 Economic Effects of the Demographic Dividend 129. - Index 169
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Assuming individual preferences satisfy the Von Neumann-Morgenstern axioms for expected utility we show how we can measure an individual's expected utility of any state using their willingness to accept a gamble over two reference points. The utility function captures the diminishing marginal...
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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...
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