Lecture6 - Development Economics Lecture Notes 6 Alper...

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Unformatted text preview: Development Economics Lecture Notes 6 Alper Duman April 16, 2009 Alper Duman Development Economics Lecture Notes 6 Education and Health in Economic Development Why handle together? I Health and education are investments made in the same individual. I Greather health capital may raise the return on investment in education I Greater education capital may raise the return to investment in health I Improvements in technologies due to investment in education raise the return on lifesaving investment in health Alper Duman Development Economics Lecture Notes 6 I Human Capital is the term used for education, health ad other human capacities that can raise productiiity when increased. I Return on human capital is estimated by taking the present discount value of the increased income stream made possible by these investments and then comparing it with their direct and indirect costs I ∑ Et- Nt (1+ i ) t Alper Duman Development Economics Lecture Notes 6 I Private rate of return can be quite high I Social rate of return is different and usually less than the private return? Why?...
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This note was uploaded on 08/06/2009 for the course ECONOMICS ECON426 taught by Professor Alperduman during the Spring '09 term at Izmir University of Economics.

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Lecture6 - Development Economics Lecture Notes 6 Alper...

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