Chapter2_Health - CHAPTER 2 1 Discuss how health can be classified as a consumption good as well as an investment good Health yields direct utility and

Chapter2_Health - CHAPTER 2 1 Discuss how health can be...

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CHAPTER 2 1. Discuss how health can be classified as a “consumption” good as well as an “investment” good? 2.Explain the education-health causality debate in the context of the Grossman model. What does the model say about the education-health relationship—that is, how does education affect the optimal health stock in the model? What are some other explanations of the observed positive relation between education and health?

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