Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce health human capital into a two-period overlapping generations model....

Distortions in private investment due to credit frictions, and in public investment due to corruption and bureaucratic inefficiencies, have both been suggested as important factors in accounting for the cross-country per capita income distribution. We introduce two modifications to the standard...

A cornerstone of demographic transition theory is that declines in infant and child mortality plausibly explain the onset of fertility decline in most countries. Simple versions of the Barro-Becker model of fertility choice have trouble delivering this link. We propose an extension, the...