Health, Human Capital Formation and Knowledge Production: Two Centuries of International Evidence

Jakob Madsen

No 18461, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth models. This paper constructs a measure of health-adjusted educational attainment among the working age population based on their health status during the time they did their education. Using annual data for 21 OECD countries over the past two centuries it is shown that health has been highly influential for the quantity and quality of schooling, innovations and growth.

JEL-codes: O1 O2 O4 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-fdg and nep-hea
Note: EH
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Citations: View citations in EconPapers (14)

Published as Jakob B. Madsen, 2016. "HEALTH, HUMAN CAPITAL FORMATION AND KNOWLEDGE PRODUCTION: TWO CENTURIES OF INTERNATIONAL EVIDENCE," Macroeconomic Dynamics, vol 20(04), pages 909-953.

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Journal Article: HEALTH, HUMAN CAPITAL FORMATION AND KNOWLEDGE PRODUCTION: TWO CENTURIES OF INTERNATIONAL EVIDENCE (2016)
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