Children's health, human capital accumulation, and R&D-based economic growth
Alberto Bucci () and
Klaus Prettner ()
No 01-2017, Hohenheim Discussion Papers in Business, Economics and Social Sciences from University of Hohenheim, Faculty of Business, Economics and Social Sciences
We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; ii) parental health investments exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.
Keywords: Children's Health; Education; Fertility; Economic Growth; Technological Progress; Long-run Economic Development (search for similar items in EconPapers)
JEL-codes: I15 I25 J10 O30 O41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hohdps:012017
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