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Growth and enduring epidemic diseases

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This paper studies the formation of human capital and its transmission across generations when premature adult mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that follows the outbreak of an epidemic. We establish several threshold...

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Bibliographic Details
Main Authors: Bell, Clive (Author) , Gersbach, Hans (Author)
Format: Book/Monograph
Language:English
Published: Zurich CER-ETH - Center of Economic Research at ETH Zurich [2006]
Edition:This version: May 2006
Series:Working paper / CER-ETH - Center of Economic Research at ETH Zurich 06, 57 (October 2006)
In: Working papers of the Center of Economic Research at ETH Zurich (06, 57 (October 2006))

DOI:10.3929/ethz-a-005273085
Subjects:
Graue Literatur
Online Access:Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/171501
Resolving-System, kostenfrei, Volltext: https://doi.org/10.3929/ethz-a-005273085
Verlag, kostenfrei, Volltext: https://www.ethz.ch/content/dam/ethz/special-interest/mtec/cer-eth/cer-eth-dam/documents/working-papers/wp_06_57.pdf
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Author Notes:Clive Bell, Hans Gersbach
Description
Summary:This paper studies the formation of human capital and its transmission across generations when premature adult mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that follows the outbreak of an epidemic. We establish several threshold properties of the model, for such a shock can severely retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate inequality under nuclear family arrangements. Pooling mortality risks with equal treatment of all children may fend off, or even induce, a collapse, depending on the initial conditions and the size and duration of the shock. Awareness campaigns may also trigger a collapse by introducing undesirable expectational feedbacks.
Physical Description:Online Resource
DOI:10.3929/ethz-a-005273085

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