Working Papers

The probability of being depressed increases dramatically during adolescence and is linked to a range of adverse outcomes. Many studies show a correlation between religiosity and mental health, yet the question remains whether the link is causal. The key issue is selection into religiosity.

The Grossman model is the canonical theory of the demand for health and health investment. This paper provides strong support for the model’s canonical status. Yet several authors have identified at least four significant limitations to the literature spawned by Grossman’s seminal 1972 papers.

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model.