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Wealth from Health: Linking Social Investments to Earnings in Latin America

Author

Listed:
  • Knaul, Felicia Marie
  • Murrugarra, Edmundo
  • Hernández Alvarez, Carlos
  • Cortez, Rafael
  • Savedoff, William D.
  • Espinosa Ferrando, Jaime
  • Ribero Medina, Rocío
  • Valdivia, Martín
  • Schultz, T. Paul
  • Núñez, Jairo
  • Parker, Susan W.

Abstract

Common sense suggests that healthier people are more productive and wealthier people can obtain things that make them healthier. This book asks whether investments in health also affect productivity and how public policy can influence this relationship. These questions are probed through a series of Latin American case studies, using household survey data on individuals to analyze the relationships between efforts to improve health on the one hand, and the potential impact of health status on individual hourly earnings on the other. By analyzing these relationships together- health determinants and the impact of health on earnings- it becomes possible to assess the effectiveness of particular strategies for improving health status and to see the critical importance of health as a component of "human capital".

Suggested Citation

  • Knaul, Felicia Marie & Murrugarra, Edmundo & Hernández Alvarez, Carlos & Cortez, Rafael & Savedoff, William D. & Espinosa Ferrando, Jaime & Ribero Medina, Rocío & Valdivia, Martín & Schultz, T. Paul &, 2000. "Wealth from Health: Linking Social Investments to Earnings in Latin America," IDB Publications (Books), Inter-American Development Bank, number 321, November.
    • Handle: RePEc:idb:idbbks:321
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    References listed on IDEAS

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    1. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2016. "Health status and labor force participation: evidence for urban low and middle income individuals in Colombia," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 15(1), pages 33-55, April.
    2. Gauri Kartini Shastry & David N. Weil, 2003. "How Much of Cross-Country Income Variation is Explained By Health?," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 387-396, 04/05.
    3. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo, 2015. "Estado de salud y participación laboral: Evidencia para Colombia," Borradores de Economia 851, Banco de la Republica de Colombia.
    4. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    5. Luis Miguel Tovar Cuevas, 2005. "Determinantes del estado de salud de la población colombiana," Economía, Gestión y Desarrollo 2326, Universidad Javeriana - Cali.
    6. Adolfo Meisel-Roca & Hernando Vargas-Herrera (ed.), 2018. "Ensayos sobre crecimiento económico en Colombia," Books, Banco de la Republica de Colombia, number 2018-06.
    7. Eleftherios Giovanis & Martina Menon & Federico Perali, 2023. "Disability specific equivalence scales: a case–control approach applied to the cost of acquired brain injuries," International Journal of Health Economics and Management, Springer, vol. 23(4), pages 643-672, December.

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