scholarly journals A Unified Model of Cohort Mortality for Economic Analysis

2021 ◽  
Vol 21 (37) ◽  
Author(s):  
Flavien Moreau ◽  
Adriana Lleras-Muney

We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model sheds light on the dynamics behind many phenomena documented in the literature, including (i) the existence and evolution of mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or “scarring” effects of wars and (iv) mortality displacement after large temporary shocks such as extreme weather.

2017 ◽  
Vol 62 (9) ◽  
pp. 1039-1050
Author(s):  
Nathan Bray ◽  
Paul Burns ◽  
Alice Jones ◽  
Eira Winrow ◽  
Rhiannon Tudor Edwards

2012 ◽  
Vol 1 (1) ◽  
pp. 4 ◽  
Author(s):  
Alan Maynard

With resources always scarce limited resources have to be targeted at those interventions, prevention and cure, that give the greatest population health gain at least cost. Mere identification of <em>what works</em> in prevention is inadequate unless this evidence is supplemented with economic analysis that identifies what is cost effective. Public health without the use of economics is incomplete.


Demography ◽  
2010 ◽  
Vol 47 (S) ◽  
pp. S41-S64 ◽  
Author(s):  
Eileen Crimmins ◽  
Jung Ki Kim ◽  
Sarinnapha Vasunilashorn

1998 ◽  
Vol 20 (2) ◽  
pp. 203-210 ◽  
Author(s):  
Christian E. Weber

It is understood that Charles Cobb and Paul Douglas (1928) were not the first to use the production function named after them. Joseph Schumpeter (1954, p. 1042), Carl-Axel Olsson (1971), and Henry Spiegel (1991, p. 816) all note that the production function Y = AKαL1-α had been used by Knut Wicksell (1901, 1906) more than twenty years before Cobb and Douglas published their study. While it is quite possible that Wicksell was the first to use the Cobb-Douglas functional form to study production, he was not the first to apply it to economic analysis in general. Vilfredo Pareto had worked out several implications of a specific version of the Cobb-Douglas utility function as early as 1892. Later, he repeated and extended this analysis in the mathematical appendix to the French translation of his Manual of Political Economy (1909).


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