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Income Variation and Health Expenditure: Evidence for OECD Countries
Author(s) -
Rivera Berta,
Currais Luis
Publication year - 1999
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/1467-9361.00066
Subject(s) - human capital , economics , productivity , investment (military) , demographic economics , labour economics , total factor productivity , macroeconomics , economic growth , politics , political science , law
The purpose of this paper is to analyze the role health investment plays in human capital accumulation, and in so doing to demonstrate that education is not the only factor affecting the performance of the labor force and productivity. Estimates are made for the OECD countries for the period 1960–90. Investment in health contributes in a significant way to explaining variations in output through human capital, even in those countries which presumably have high levels of health.