TY - UNPB

T1 - Accounting for Fetal Origins

T2 - Health Capital vs. Health Deficits

AU - Dalgaard, Carl-Johan Lars

AU - Hansen, Casper Worm

AU - Strulik, Holger

PY - 2017

Y1 - 2017

N2 - The Fetal Origins hypothesis has received considerable empirical support, both within epidemiology and economics. The present study compares the ability of two rival theoretical frameworks in accounting for the kind of path dependence implied by the Fetal Origins Hypothesis. We argue that while the health capital model due to Grossman (Journal of Political Economy, 80(2), 223-255, 1972) is irreconcilable with Fetal Origins of late-in-life health outcomes, the more recent health deficit model due to Dalgaard and Strulik (Journal of the European Economic Association, 12(3), 672-701, 2014) can generate shock amplification consistent with the hypothesis.

AB - The Fetal Origins hypothesis has received considerable empirical support, both within epidemiology and economics. The present study compares the ability of two rival theoretical frameworks in accounting for the kind of path dependence implied by the Fetal Origins Hypothesis. We argue that while the health capital model due to Grossman (Journal of Political Economy, 80(2), 223-255, 1972) is irreconcilable with Fetal Origins of late-in-life health outcomes, the more recent health deficit model due to Dalgaard and Strulik (Journal of the European Economic Association, 12(3), 672-701, 2014) can generate shock amplification consistent with the hypothesis.

KW - Faculty of Social Sciences

KW - Fetal Origins

KW - Health Capital

KW - Health Deficits

M3 - Working paper

T3 - University of Copenhagen. Institute of Economics. Discussion Papers (Online)

BT - Accounting for Fetal Origins

ER -