Abstract
This article analyses the effect of public policy intervention in the production of health capital on fertility, private investment in children's health and education, and human capital accumulation. I have used a growth model with endogenous fertility, in which the usual parental trade-off between the quantity and quality of their children is augmented with an additional factor that affects children's human capital, which is health. I analyse the overall society-wide effect of public policy intervention and derive a condition that determines precisely whether public provision of free health services increases or decreases the average level of human capital in the society.
| Original language | English |
|---|---|
| Pages (from-to) | 633-650 |
| Number of pages | 18 |
| Journal | Oxford Economic Papers |
| Volume | 72 |
| Issue number | 3 |
| DOIs | |
| State | Published - 1 Jul 2020 |
| Externally published | Yes |
Keywords
- D30
- I12
- J10
- J13
- J24
- O10
- O40