Drugs and Growth-Efficient Prevention: An Inter-temporal Portfolio of Machos, Narcos and Angels

Amnon Levy and Frank Neri ()
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Frank Neri: http://business.uow.edu.au/econ/who/index.html

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: In many countries substance abuse is a social epidemic. This paper deals conceptually with some macroeconomic aspects of widespread substance abuse with special reference to narcotic drugs. The labour force is divided into non-using and therefore fully productive workers, a number of whom are employed by the government in drug-use prevention, and only partially productive drug users. An efficient management of the nation’s portfolio of workers is taken to be the trajectory of drug-prevention that maximises the present value of the stream of the disposable national incomes.

Keywords: Substance abuse; labour productivity; national income (search for similar items in EconPapers)
JEL-codes: D90 I12 J21 J24 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2003
New Economics Papers: this item is included in nep-edu
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