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Lecture Development economics - Lecture 28: Human Capital: Education and health in economic development. This chapter presents the following content: The central roles of education and health, education and health as joint investments for development, improving health and education: why increasing incomes is not sufficient,...
Human Capital: Education and Health in Economic Development Lecture 28 The Central Roles of Education and Health • Health and education are important objectives of development • Health and education are also important components of growth and development 82 Education and Health as Joint Investments for Development • Greater health capital may improve the returns to investments in education • Greater education capital may improve the returns to investments in health 83 Improving Health and Education: Why Increasing Incomes Is Not Sufficient • Increases in income often not lead to substantial increases in investment in children’s education and health • Better educated mothers tend to have healthier children • Significant market failures in education and health require policy action 84 Investing in Health and Education: The Human Capital Approach • Initial investments in health or education lead to a stream of higher future income 85 Figure 8.1 86 Investing in Health and Education: The Human Capital Approach • Initial investments in health or education lead to a stream of higher future income • The present discounted value of this stream of future income is compared to the costs of the investment 87 Figure 8.2 88 Investing in Health and Education: The Human Capital Approach • Initial investments in health or education lead to a stream of higher future income • The present discounted value of this stream of future income is compared to the costs of the investment • Private returns to education are high, and may be higher than social returns 89 Table 8.1 810 Table 8.3 821 Educational Systems and Development • Educational supply and demand: the relationship between employment opportunities and educational demands • Social versus private benefits and costs • Distribution of education • Education, inequality, and poverty • Education, internal migration, and the brain drain 822 Health Systems and Development • Measurement and distribution 823 Figure 8.8 824 Health Systems and Development • Measurement and distribution • Disease burden 825 Figure 8.9 826 Health Systems and Development • • • • Measurement and distribution Disease burden Malaria and parasitic worms HIV and AIDS 827 Table 8.4 828 Table 8.5 829 Health Systems and Development • • • • • Measurement and distribution Disease burden Malaria and parasitic worms HIV and AIDS Health and Productivity 830 Figure 8.10 831 Figure 8.11 832 Health Systems and Development • • • • • • Measurement and distribution Disease burden Malaria and parasitic worms HIV and AIDS Health and Productivity Health systems policy 833 Figure 8.12 834 Policies for Health, Education, and Income Generation • Integrated programs for the promotion of health, education, and nutrition status in poor families • Links between health and education programs and microcredit programs 835 ... 83 Improving Health and Education: Why Increasing Incomes Is Not Sufficient • Increases in income often not lead to substantial increases in investment in children’s education and health • Better... have healthier children • Significant market failures in education and health require policy action 84 Investing in Health and Education: The Human Capital Approach • Initial investments in health. .. Roles of Education and Health • Health and education are important objectives of development • Health and education are also important components of growth and development 82 Education and Health