Is Health Wealth? Results of a Panel Data Analysis

Husain, Zakir; Dutta, Mousumi; Chowdhary, Nidhi

doi:10.1007/s11205-013-0337-4

Cited by 8 publications

(11 citation statements)

References 57 publications

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“…This result of Husain et al (2014) also generally agrees with our findings as mentioned above. Husain et al (2014) suggest that health affects wealth through several channels such as savings and education.…”

Section: Discussionsupporting

confidence: 93%

“…The endogeneity of BMI is taken into account, and the reverse causality between the growth indicators and BMI is responded with using the instrumental variable estimation through the crude survival and age 75-79 survival probabilities as instrumental variables. By introducing reverse causality in their estimations, Husain et al (2014) suggest that the shape of the wealth-health curve could be inverse U-shaped. This result of Husain et al (2014) also generally agrees with our findings as mentioned above.…”

Section: Discussionmentioning

confidence: 99%

“…By introducing reverse causality in their estimations, Husain et al (2014) suggest that the shape of the wealth-health curve could be inverse U-shaped. This result of Husain et al (2014) also generally agrees with our findings as mentioned above. Husain et al (2014) suggest that health affects wealth through several channels such as savings and education.…”

Section: Discussionmentioning

confidence: 99%

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The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study

2021

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Section: Discussionsupporting

confidence: 93%

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study

2021

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“…Earlier research in this field relied on biased OLS estimators or utilized GMM, to address the endogeneity problem. Estimations employing GMM typically confirm the positive, causal relationship between health and wealth (Hansen, 2012;Husain et al 2014). The novelty of our approach is to utilize a conceptually exogenous instrument rather than lagged differences of the endogenous variables.…”

Section: Resultsmentioning

confidence: 96%

On the Relation Between Health and Income: A Cross-Country Analysis

Kobylinski

Tyrowicz

2018

Central European Economic Journal

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An examination of the correlation between health and wealth cannot determine the direction of causality between the two. Countries’ geographic characteristics have an important effect on health, and they are plausibly uncorrelated with other determinants of wealth. This paper uses two climate variables – population-weighted temperature and precipitation – to obtain instrumental variables estimates of the effect of health on wealth.

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“…The Grossman model is widely used to explain how health is produced and viewed as a durable capital stock that produces an output of healthy time; each individual is regarded as both a producer and a consumer of health. Health is treated as a stock which degrades over time in the absence of “investment” in health [3, 4]. This model also states that the individual inherits an initial amount of stock of health capital that can depreciate with age or be increased through investment [5–7].…”

Section: Introductionmentioning

confidence: 99%

Inequality of health stock and the relation to national wealth

Jumbri

Ikeda

Jimichi

et al. 2019

Int J Equity Health

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BackgroundThe decline in global and between-country health inequality is a major challenge to overcome. However, few studies have systematically investigated the relationship between inequality of health stock and national wealth. From an economic perspective, health can be viewed as a durable capital stock that produces an output of healthy time. Therefore, in this paper, we focused on health capital to investigate the relationship between inequalities of national health and national wealth.MethodsBased on health stock data from 1990 to 2015 for 140 countries, we estimated Gini coefficients of health stock to investigate associations with a well-known economic flow indicator, Gross Domestic Product (GDP), stock-based national wealth indicator, Inclusive Wealth Index (IWI), and firm-level net income.ResultsThe estimated Gini coefficient of global health stock shows that health stock has experienced a global decline. The Gini coefficient for low-income countries (LICs) showed the fastest decline in health stock, dropping from 0.69 to 0.66 in 25 years. Next, rapid population growth and the rise in the youth share of the working-age population in LICs were most likely contributing factors to the decline in inequality. Most countries that experienced positive health stock growth also indicated a strong positive relationship with GDP and IWI. However, some countries showed a negative relationship with natural capital, which is a part of IWI. In addition, firm-level net income showed no obvious associations with health stock, GDP and IWI.ConclusionsWe argue that a negative relationship between health stock and natural capital is a sign of unstable development because sustainable development involves maintaining not only GDP but also IWI, as it is a collective set of assets or wealth comprising human, produced and natural capital. Moreover, in our analysis of firm-level income data, we also discuss that income will be influenced by other factors, such as innovations, human resources, organization culture and strategy. Therefore, the paper concludes that health stock is a vital component in measuring health inequality and health-related Sustainable Development Goals (SDGs). Thus, IWI is more comprehensive in measuring national wealth and can complement GDP in measuring progress toward sustainable development.

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Is Health Wealth? Results of a Panel Data Analysis

Abstract: 2 Is health wealth? Results of a panel data analysis

Cited by 8 publications

References 57 publications

The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study

The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study

On the Relation Between Health and Income: A Cross-Country Analysis

Inequality of health stock and the relation to national wealth

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