Quotation Baldanzi, Annarita, Bucci, Alberto, Prettner, Klaus. 2021. Children's health, human capital accumulation, and R&D-based growth. Macroeconomic Dynamics. 25 651-668.




We analyze the effects of children’s health on human capital accumulation and on long-run economic growth. For this purpose, we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that (i) there is a complementarity between education and health: if parents want to have better educated children, they also raise health investments and vice versa; (ii) parental health investments exert an unambiguously positive effect on long-run economic growth, (iii) faster population growth reduces long-run economic growth. These results are consistent with the empirical evidence for modern economies in the twentieth century.


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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Macroeconomic Dynamics
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C
Language English
Title Children's health, human capital accumulation, and R&D-based growth
Volume 25
Year 2021
Page from 651
Page to 668
Reviewed? Y
URL https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/childrens-health-human-capital-accumulation-and-rdbased-economic-growth/888FB1A5245860F67D963975F248BAB3
DOI https://doi.org/10.1017/S136510051900035X
Open Access N


Prettner, Klaus (Details)
Baldanzi, Annarita (University of Milan, Italy)
Bucci, Alberto (University of Milan, Italy)
Department of Economics (Crespo Cuaresma) (Details)
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