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Agricultural and Resource Economics
University of Nebraska - Lincoln
Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature
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Full-Text Articles in Social and Behavioral Sciences
Investing In Hope: Aids, Life Expectancy, And Human Capital Accumulation, Rui Huang, Lilyan E. Fulginiti, E. Wesley F. Peterson
Investing In Hope: Aids, Life Expectancy, And Human Capital Accumulation, Rui Huang, Lilyan E. Fulginiti, E. Wesley F. Peterson
Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature
A three period overlapping generations model is developed to investigate the impact of shorter life expectancy due to disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa given the dramatic reduction in life expectancy due to HIV/AIDS and the potential lasting effects on growth. Our results indicate that as life expectancy shortens so does schooling inducing a lower growth rate of income. These relationships are even more pronounced for the African continent than for the rest of the world.