Modeling the Macroeconomic Impact of HIV/AIDS:
The paper addresses the impact of HIV/AIDS on per capita output and income, with particular emphasis on the role of labor mobility between the formal and informal sectors, and the impact of the epidemic on investment decisions. The study finds that HIV/AIDS affects both the supply of labor and the d...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/195 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The paper addresses the impact of HIV/AIDS on per capita output and income, with particular emphasis on the role of labor mobility between the formal and informal sectors, and the impact of the epidemic on investment decisions. The study finds that HIV/AIDS affects both the supply of labor and the demand for labor in the formal sector. Only if there is a significant rise in the capital-labor ratio, will there be an increase in formal sector employment. However, this is associated with a decline in the rate of return to capital. To the extent that companies respond to this by reducing investment, conventional models underestimate the adverse impact on employment, per capita output, and income. The analysis of the impact of HIV/AIDS on output is complemented by an assessment of the impact on income |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1451859929 9781451859928 |
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spelling | Haacker, Markus Verfasser aut Modeling the Macroeconomic Impact of HIV/AIDS Haacker, Markus Washington, D.C International Monetary Fund 2002 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/195 The paper addresses the impact of HIV/AIDS on per capita output and income, with particular emphasis on the role of labor mobility between the formal and informal sectors, and the impact of the epidemic on investment decisions. The study finds that HIV/AIDS affects both the supply of labor and the demand for labor in the formal sector. Only if there is a significant rise in the capital-labor ratio, will there be an increase in formal sector employment. However, this is associated with a decline in the rate of return to capital. To the extent that companies respond to this by reducing investment, conventional models underestimate the adverse impact on employment, per capita output, and income. The analysis of the impact of HIV/AIDS on output is complemented by an assessment of the impact on income Online-Ausg http://elibrary.imf.org/view/IMF001/04648-9781451859928/04648-9781451859928/04648-9781451859928.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Haacker, Markus Modeling the Macroeconomic Impact of HIV/AIDS |
title | Modeling the Macroeconomic Impact of HIV/AIDS |
title_auth | Modeling the Macroeconomic Impact of HIV/AIDS |
title_exact_search | Modeling the Macroeconomic Impact of HIV/AIDS |
title_exact_search_txtP | Modeling the Macroeconomic Impact of HIV/AIDS |
title_full | Modeling the Macroeconomic Impact of HIV/AIDS Haacker, Markus |
title_fullStr | Modeling the Macroeconomic Impact of HIV/AIDS Haacker, Markus |
title_full_unstemmed | Modeling the Macroeconomic Impact of HIV/AIDS Haacker, Markus |
title_short | Modeling the Macroeconomic Impact of HIV/AIDS |
title_sort | modeling the macroeconomic impact of hiv aids |
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