Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

INVESTMENT IN HEALTH–LIFETIME HEALTH EXPENDITURES ON THE 1960 WORK FORCE *

INVESTMENT IN HEALTH–LIFETIME HEALTH EXPENDITURES ON THE 1960 WORK FORCE * S J. M U S H K I N A N D B. A. W E I S B R O D . estimate the value of privately and publicly-provided resources which have been devoted to the health of persons employed in 1960, over their lifetimes. We shall then see how the magnitude of these expenditures on health compares with the corresponding expenditures on schooling. We shall also compare the magnitude of health resources embodied in the 1960 work force and the resources in the 1960 stock of physical capital. In the process we shall note changes through time in the pattern of private health expenditures by age, and in the mix of private and public expenditures on health. Looking at health expenditures as investment in productivity does not deny the consumption value of better health for its own sake. It does, however, assume that whatever the motivation of those financing health expenditures, there are effects on productivity. Every health expenditure cannot be considered investment in human capital-at least in the sense of contributing to production and economic growth-just as every education expenditure cannot2. But the dividing line between a health (or education) expenditure that contributes to enlarged http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Kyklos International Review of Social Sciences Wiley

INVESTMENT IN HEALTH–LIFETIME HEALTH EXPENDITURES ON THE 1960 WORK FORCE *

Download PDF
16 pages

Loading next page...
 
/lp/wiley/investment-in-health-lifetime-health-expenditures-on-the-1960-work-tSoQJAl0v4

References (1)

Publisher
Wiley
Copyright
Copyright © 1963 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0023-5962
eISSN
1467-6435
DOI
10.1111/j.1467-6435.1963.tb00399.x
Publisher site
See Article on Publisher Site

Abstract

S J. M U S H K I N A N D B. A. W E I S B R O D . estimate the value of privately and publicly-provided resources which have been devoted to the health of persons employed in 1960, over their lifetimes. We shall then see how the magnitude of these expenditures on health compares with the corresponding expenditures on schooling. We shall also compare the magnitude of health resources embodied in the 1960 work force and the resources in the 1960 stock of physical capital. In the process we shall note changes through time in the pattern of private health expenditures by age, and in the mix of private and public expenditures on health. Looking at health expenditures as investment in productivity does not deny the consumption value of better health for its own sake. It does, however, assume that whatever the motivation of those financing health expenditures, there are effects on productivity. Every health expenditure cannot be considered investment in human capital-at least in the sense of contributing to production and economic growth-just as every education expenditure cannot2. But the dividing line between a health (or education) expenditure that contributes to enlarged

Journal

Kyklos International Review of Social Sciences – Wiley

Published: Nov 1, 1963

There are no references for this article.