WORKFORCE HEALTH AND ECONOMIC GROWTH: EXPLORING THE DYNAMICS FOR MORE THAN HALF A CENTURY

Authors : Gamze ÖZTÜRK

Pages : 139-163

Doi:10.30794/pausbed.1135625

View : 86 | Download : 74

Publication Date : 2023-05-22

Article Type : Research Paper

Abstract :This study contributes to understanding the role of workforce health on output growth and convergence process in 38 OECD members and 58 low-income countries over a 65-year period. Empirical findings based on system GMM estimations show that insert ignore into journalissuearticles values(i); year gains in the longevity of the younger workforce at ages from 15 to 20 have significant effects on economic growth, insert ignore into journalissuearticles values(ii); after age 20, the rate of convergence slightly decreases with rising age, insert ignore into journalissuearticles values(iii); increases in adult mortality adversely affect output growth through the loss of human capital in productive ages and the decreases in the incentives to invest in physical capital, and insert ignore into journalissuearticles values(iv); the growth-enhancing effects of the savings rate considerably rises with increasing age in OECD countries but not in low-income countries. The findings of the study provide valuable insights into the critical role that policy can play in promoting workforce health, ultimately productivity, and long-run economic growth.
Keywords : Ekonomik büyüme, β yakınsaması, İş gücü sağlığı, İnsan sermayesi, Dinamik panel veri

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