Educating for Healthier Economies

Health and education are both inputs and outputs in the aggregate production function, giving them central importance in economic development.

Child mortality rates have significantly decreased and there has been a significant improvement in literacy rates and basic education in developing countries.

They are investments in the same individual and greater health capital may improve the returns to investments in education, while greater education capital may improve the returns to investments in health.

<p>Causality may run in both directions, with higher income allowing for more investment in education and health, while greater education and health may lead to higher productivity and income.</p> Signup and view all the answers

<p>Increases in income may not lead to substantial increases in investment in children's education and health, and policies to increase income of poor without focus on how they are spent may not lead to improved health and development.</p> Signup and view all the answers

<p>It leads to earlier and longer school enrollment, better school attendance, and more effective learning.</p> Signup and view all the answers

<p>Significant policy action is required due to spillover benefits to investment in one's health or education, as the market cannot be relied upon to deliver socially efficient levels of health and education.</p> Signup and view all the answers