Accounting for Fetal Origins: Health Capital vs. Health Deficits
18 Pages Posted: 6 Jul 2017
Date Written: July 3, 2017
The Fetal Origins hypothesis has received considerable empirical support, both within epidemiology and economics. The present study compares the ability of two rival theoretical frameworks in accounting for the kind of path dependence implied by the Fetal Origins Hypothesis. We argue that while the health capital model due to Grossman (Journal of Political Economy, 80(2), 223-255, 1972) is irreconcilable with Fetal Origins of late-in-life health outcomes, the more recent health deficit model due to Dalgaard and Strulik (Journal of the European Economic Association, 12(3), 672-701, 2014) can generate shock amplification consistent with the hypothesis.
Keywords: Fetal Origins; Health Capital; Health Deficits
JEL Classification: I10, D91
Suggested Citation: Suggested Citation