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Related Experiment Video

Updated: May 6, 2026

Determining Gender-Based Differences in Retinal and Choroidal Thickness in Underweight Individuals via Swept-Source Optical Coherence Tomography
03:35

Determining Gender-Based Differences in Retinal and Choroidal Thickness in Underweight Individuals via Swept-Source Optical Coherence Tomography

Published on: December 1, 2023

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Health, Human Capital, and Development.

Hoyt Bleakley1

  • 1Associate Professor of Economics, Booth School of Business, University of Chicago, 5807 South Woodlawn Avenue, Chicago, IL, 60637. Telephone: (773) 834-2192.

Annual Review of Economics
|October 23, 2013
PubMed
Summary
This summary is machine-generated.

Disease significantly hinders human capital and income development globally. Despite micro estimates being smaller than macro data, improving health offers substantial economic benefits.

Keywords:
diseaseeconomic growthenvelope theoremincomeschooling

Related Experiment Videos

Last Updated: May 6, 2026

Determining Gender-Based Differences in Retinal and Choroidal Thickness in Underweight Individuals via Swept-Source Optical Coherence Tomography
03:35

Determining Gender-Based Differences in Retinal and Choroidal Thickness in Underweight Individuals via Swept-Source Optical Coherence Tomography

Published on: December 1, 2023

859

Area of Science:

  • Health Economics
  • Development Economics
  • Human Capital Theory

Background:

  • Disease impacts human capital and income globally.
  • Health is a crucial component of human capital and its productivity.
  • Understanding the economic burden of disease is vital for policy.

Purpose of the Study:

  • To quantify the impact of disease on human capital and income.
  • To integrate micro and macro evidence on health and economic development.
  • To re-interpret existing micro-level literature on health and human capital.

Main Methods:

  • Reviewing micro-level evidence on health's role in human capital formation.
  • Utilizing a standard economic model to synthesize findings.
  • Analyzing aggregate implications and general equilibrium effects, including population dynamics.
  • Examining macro-level evidence from cross-country comparisons and health shock responses.

Main Results:

  • Micro-level studies indicate that health is both human capital and an input for its production.
  • Aggregate implications derived from micro estimates are smaller than cross-country relationships.
  • Health's effect on population size complicates general equilibrium extrapolations.
  • Macro evidence shows a strong correlation between health and economic development.

Conclusions:

  • Micro and macro evidence on disease's economic impact differ significantly.
  • Despite discrepancies, investing in certain health improvements yields high benefit-to-cost ratios.
  • Further research is needed to reconcile micro and macro findings for robust policy recommendations.