Growth and enduring epidemic diseases

• Verfasst von: Bell, Clive [VerfasserIn]
• Verfasst von: Gersbach, Hans [VerfasserIn]
• Titel: Growth and enduring epidemic diseases
• Verf.angabe: Clive Bell, Hans Gersbach
• E-Jahr: 2013
• Jahr: 29 April 2013
• Umfang: 21 S.
• Fussnoten: Gesehen am 01.12.2020
• Titel Quelle: Enthalten in: Journal of economic dynamics & control
• Ort Quelle: Amsterdam : North-Holland Publ. Co., 1979
• Jahr Quelle: 2013
• Band/Heft Quelle: 37(2013), 10, Seite 2083-2103
• ISSN Quelle: 0165-1889
• DOI: doi:10.1016/j.jedc.2013.04.011
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe: Bell, Clive, 1943 - : Growth and enduring epidemic diseases. - 2013
• Sach-SW: Collapse
• Sach-SW: Epidemic diseases
• Sach-SW: Growth
• Sach-SW: HIV/AIDS
• Sach-SW: Pooling
• K10plus-PPN: 1741635403

Abstract

This paper analyzes the interplay of human capital formation and economic growth when there is premature adult mortality. Failing adequate insurance arrangements, a long wave of such mortality can so undermine human capital formation as to induce an economic collapse. In nuclear family structures, random matching of partners is superior to assortative mating only if the shock is not too big and initial levels of human capital are not too low. Full pooling of mortality risks with equal treatment of all children in extended families may fend off a general collapse, depending on the initial conditions and the size and duration of the shock. To avoid undesirable effects on expectations, awareness campaigns should be complemented by policies that credibly promise to reduce future mortality. If mortality depends on the general level of human capital, indeterminacy can arise in the form of more than one rational expectations path.