From Equality, Democracy, and Public Health to Economic Prosperity

In another 2016 surprise, British voters, also feeling left behind, chose to leave the EU. [...]among other things, increased inequality seems to have fed and spread political turmoil. The buildup of physical capital boosts growth directly while human capital, social capital, and natural capital, if...

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Bibliographic Details
Published inIfo DICE report Vol. 17; no. 2; pp. 28 - 33
Main Author Gylfason, Thorvaldur
Format Journal Article
LanguageEnglish
Published Munich Ifo Institute 01.07.2019
Subjects
Compensation
Corruption
Democracy
Economic growth
Economic models
Fascism
Globalization
GNI
Gross National Income
Health disparities
Households
Human capital
Income inequality
Institutionalization
Life expectancy
Macroeconomics
Public health
Social capital
Tax rates
Trends
Wages & salaries
Canada
New York
United Kingdom > UK
United States > US
Europe
Massachusetts
Illinois
England
Chicago Illinois
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Summary:In another 2016 surprise, British voters, also feeling left behind, chose to leave the EU. [...]among other things, increased inequality seems to have fed and spread political turmoil. The buildup of physical capital boosts growth directly while human capital, social capital, and natural capital, if well managed, spur growth indirectly by underpinning efficiency and technology. Long lives and high incomes go hand in hand, a relationship known as the Preston Curve. Because research on the distribution of life expectancy and other indicators of public health across income groups is in its infancy, the data necessary to figure the cross-country relationship between health distribution and per capita incomes are not yet available. All in all, equality, democracy, and public health seem to go together across countries. [...]as we shall see, all three go along with economic prosperity, each in its own way.
ISSN:2511-7815
2511-7823