ECON 112 Lecture Notes - Lecture 16: Child Labour, Capability Approach, Production Function

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Health and education are important objectives of development, as reflected in amartya. Sen"s capability approach, and in the core values of economic development. Health and education are also important components of growth and development inputs in the aggregate production function. Education and health as joint investments for development. These are investments in the same individual. Greater health capital may improve the returns to investments in education. Health is a factor in school attendance. A longer life raises the rate of return to education. Healthier people have lower depreciation of education capital. Greater education capital may improve the returns to investments in health. Public health programs need knowledge learned in school. Basic hygiene and sanitation may be taught in school. Education needed in training of health personnel. Improving health and education: increasing incomes is not sufficient. Increases in income often do not lead to substantial increases in investment in children"s education and health.

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