Article

The Promise of Health: Evidence of the Impact of Health on Income and Well-Being

William Jack

in The Oxford Handbook of Health Economics

Published in print April 2011 | ISBN: 9780199238828
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199238828.013.0005

Series: Oxford Handbooks in Economics

 The Promise of Health: Evidence of the Impact of Health on Income and Well-Being

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  • Economics
  • Health, Education, and Welfare
  • Public Economics

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This article summarizes the complex evidence base on the impact of health on income and well-being. There is strong evidence of a potentially strong impact of improved health on the productivity and well-being of individual workers. It focuses on the link between health and income and examines the mechanisms that underlie these associations. Other dimensions including education, social rank, and ethnicity, are also associated with better health. It estimates the causal impact of health on economic output. These estimates of the income-augmenting effects of health improvements are necessary as they provide more comprehensive data to improved health. The article outlines a number of mechanisms by which health innovations can affect incomes and presents empirical evidence to this issue.

Keywords: health; income; well-being; ethnicity; economic output; empirical evidence

Article.  7918 words. 

Subjects: Economics ; Health, Education, and Welfare ; Public Economics

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