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The Economic Case for Devoting Public Resources to Health

David Bloom and Günther Fink ()
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Günther Fink: Harvard School of Public Health

PGDA Working Papers from Program on the Global Demography of Aging

Abstract: The world has enjoyed huge improvements in population health during the last half century. But major health problems persist, particularly in tropical countries, which are still struggling with infectious diseases while increasingly having to deal with noncommunicable diseases. Several classic arguments for public spending on health have buttressed governments’ efforts to improve health. These efforts have now been further spurred by new economic arguments that better population health may promote economic well-being – via beneficial changes in labor productivity, education, and investment, and through demographic change. The economic consequences of improved health can be large, but realizing them depends on the policies adopted in myriad other arenas.

Keywords: Public resources; Noncommunicable disease; Economic impacts of health (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea
Date: 2013-05
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