Growth and Epidemic Diseases
University of Heidelberg - South Asia Institute (SAI)
Swiss Federal Institute of Technology Zurich, (CER-ETH); Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Centre for Economic Policy Research (CEPR)
CEPR Discussion Paper No. 4800
We study the formation of human capital and its transmission across generations when a society is assailed by an epidemic disease such as AIDS. We establish that the disease can severely retard economic growth, even to the point of leading to an economic collapse. We also show that the epidemic may exacerbate inequality. Pooling health risks in the society puts the society on a 'make and break' road.
Number of Pages in PDF File: 31
Keywords: Epidemic diseases, AIDS, growth, human capital, pooling risks
JEL Classification: E13, I12, I21, O41working papers series
Date posted: March 30, 2005
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