TY  - GEN
AU  - Basov, S.
Y2  - 2014/05/22
Y1  - 2002/02
SN  - 0734024932
UR  - http://hdl.handle.net/11343/33616
AB  - During the last forty years, economists have devoted a great deal of effort to developing the concept of human capital and applying it to explain investment in education, income inequality, and life-time earning profiles. Early contributions to the human capital theory suggested that there might exist several forms of human capital. In this paper I proposed a simple model that allows us to incorporate health-investment decisions into a life-cycle framework. The complementarity between savings, health, and education is created by an insurance motive for the accumulation of health. The model predicts a positive correlation between the health stock, education and savings rate for both high income countries and poor countries. I showed that investments in education are independent of health status for sufficiently high levels of health and increases in health if the health status is lo
N1  - application/pdf
LA  - eng
KW  - human capital
KW  - heatlh
KW  - education
KW  - investment
T1  - Heterogenous human capital: life cycle investment in health and education
L1  - /bitstream/handle/11343/33616/65742_00000016_01_838.pdf?sequence=1&isAllowed=y
ER  -