Accounting for the Effect Of Health on Economic Growth

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ID: 304742
2007
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Abstract
I use microeconomic estimates of the effect of health on individual outcomes to construct macroeconomic estimates of the proximate effect of health on GDP per capita. I employ a variety of methods to construct estimates of the return to health, which I combine with cross-country and historical data on height, adult survival rates, and age at menarche. Using my preferred estimate, eliminating health differences among countries would reduce the variance of log GDP per worker by 9.9 percent and reduce the ratio of GDP per worker at the 90th percentile to GDP per worker at the lOth percentile from 20.5 to 17.9. While this effect is economically significant, it is also substantially smaller than estimates of the effect of health on economic growth that are derived from cross-country regressions.
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openalex_W2098981358 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors D. N. Well
Journal the quarterly journal of economics
Year 2007
DOI
10.1162/qjec.122.3.1265
URL
https://doi.org/10.1162/qjec.122.3.1265
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